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Inflation sees modest fall to 5.61pc in Apr

Inflation sees modest  fall to 5.61pc in Apr

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Overall inflation saw a modest fall in April to 5.61 percent, down from 5.65 percent in March, mainly driven by easing food prices due to availability of new rice in the market.
The latest CPI data of Bangladesh Bureau of Statistics (BBS) released on Tuesday showed that food inflation fell to 3.84 percent last month, which was 3.89 percent in the previous month.
While revealing the data, Planning Minister AHM Mustafa Kamal attributed the downtrend in inflation mainly due to arrival of Boro rice in the market that made the staple food price stable.  
Although remaining high, non-food inflation slightly declined from March’s 8.36 percent to 8.34 percent in April, suggests BBS data.
Kamal also hoped that the trend of inflation would see a downtrend in the coming months and it would remain within 5.50 percent targeted for the current fiscal year.
He was optimistic that essential prices won’t go up in the upcoming month of holy Ramadan as the government has taken necessary steps to contain the prices in the fasting month that usually sees an increase in consumption.
General rural inflation dipped to 4.75 percent last month, while urban inflation fell to 7.22 percent.
At the rural level, the food inflation declined to 3.11 percent in April, down from 3.15 percent in the previous month, while the non-food inflation declined to 7.80 percent from 7.82 percent in March this year.
In urban areas, the food inflation also declined to 5.51 percent in April, down from 5.61 percent in March. The non-food inflation rate also fell to 9.11 percent last month which was 9.12 percent in March.
The average inflation during May 2015 to April 2016 slipped year-on-year to 6.04 percent, which was 6.56 percent in the previous corresponding period.