Published:  12:57 AM, 06 November 2019

Inflation eases a bit in October

Inflation eases a bit in October

The general point-to-point inflation rate eased to 5.47 percentage point in October from 5.54 percentage point in the previous month due to price fall in non-food items and also to some food commodities.

"The general point to point inflation in October eased to 5.47 percent down from 5.54 percent in September," said Planning Minister MA Mannan while releasing the monthly consumer price index (CPI) after the Tuesday's ECNEC meeting, reports BSS.

Mannan said despite the onion price hike, the overall prices of fishes, vegetables and fruits declined slightly in October comparing to that in September last.

The data released by the Bangladesh Bureau of Statistics (BBS) showed that food inflation increased to 5.49 percent in October from 5.30 percent in the previous month, while the non-food inflation rate declined to 5.45 percent last month from 5.92 percent in September.

In the rural areas, the general inflation rate declined to 5.36 percent in October from 5.41 percent in September. The general inflation rate also declined to 5.67 percent in October from 5.80 percent in September in the urban areas. The point-to-point national wage index witnessed a downward trend with 6.38 percent in October against 6.51 percent in September 2019.

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