Inflation eases to 5.49pc in August

Staff Correspondent

4 September, 2019 12:00 AM printer

The overall point-to-point inflation in the country eased to 5.49 percent in August this year, down from 5.62 percent in July as the Eid spending spree came to an end.

Both food and non-food inflation subdued last month, also supported by better communications following the rainy season was over, argued Planning Minister MA Mannan.

The minister revealed the latest data of Bangladesh Bureau of Statistics (BBS) at a press conference after the Ecnec meeting in the capital on Sunday.

But in month to month comparison, consumer price level increased by 1.24 percent last month over the previous month that saw 1.25 percent monthly inflation, BBS data suggest.

Food inflation declined to 5.27 percent in the month which was 5.42 percent one month ago, while general non-food inflation decreased from 5.94 percent to 5.82 percent.

Rural inflation slipped year-on-year to 5.34 percent which was 5.49 percent one month earlier.

Rural food inflation eased from 5.60 percent to 5.38 percent, while non-food inflation modestly fell from 5.27 percent to 5.25 percent last month.

Urban food inflation fell to 5.75 percent in August which was 5.88 percent one month ago with urban food inflation marginally slipping to 5.02 percent from 5.03 percent and non-food inflation dropping from 6.84 percent to 6.60 percent.

Average annual inflation during September 2018 to August 2019 period also came down to 5.48 percent which was 5.74 percent during the same period one year ago.

Meanwhile, point-to-point national wage index was recorded at 6.43 percent last month which was 6.45 percent in July.