Inflation eases slightly to 5.63 pc in April | 2018-05-08 |

Inflation eases slightly to 5.63 pc in April

Sun Online Desk     8th May, 2018 07:17:08 printer

Inflation eases slightly to 5.63 pc in April

The general point-to-point inflation in the country slightly eased to 5.63 percentage point in April this year, down from 5.68 percentage point in March.


Planning Minister AHM Mustafa Kamal on Tuesday told this while briefing on the meeting of the Executive Committee of the National Economic Council (Ecnec) at the Planning Ministry in the capital.


"The general point-to-point inflation rate slightly eased to 5.63 percentage point in April," said Mustafa Kamal.


It is a good news that the inflation is gradually declining, which will come down under 5.5 percentage point at the end of the current fiscal year, he hoped.


The minister said, "The prices of essentials will not go up during the upcoming Ramadan."


The inflation was 5.86 percent in January and 5.72 percent in February, said AHM Mustafa Kamal.


According to data of the Bangladesh Bureau of Statistics (BBS), point-to-point food inflation eased to 7.03 percentage point in April from 7.09 percentage point in March.


The Planning Minister said the prices of all essential commodities are now downward in the domestic market, UNB reports.


The BBS data showed that the point-to-point non-food inflation rate also slightly declined to 3.49 percent in April, down from 3.52 percent in March.


Besides, the general inflation rate at the urban level in April declined to 5.70 percent while it was 5.59 percent at the rural level.


At the rural level, the food inflation slightly declined to 6.76 percent in April, down from 6.77 percent in the previous month, while the non-food inflation declined to 3.44 percent in April as against 3.52 percent in March this year.


In urban areas, the food inflation also declined to 7.63 percent in April, down from 7.80 percent in the previous month.


The non-food inflation rate also witnessed a downtrend as it was 3.57 percent in April, down from 3.51 percent in March.


The point to point national wage index witnessed an increasing trend with 6.42 percent growth with 153.39 point in April, up from 6.38 percent growth with 152.58 point in March.