Inflation reaches 6.05pc in November

11 December, 2019 12:00 AM printer

The general point-to-point inflation rate reached 6.05 percentage point in November.

“The general point-to-point inflation rate in November reached 6.05 percentage point,” said Planning Minister MA Mannan on Tuesday.

He said this while briefing reporters after the monthly consumer price index was placed before the ECNEC meeting held in the NEC conference room in the city’s Sher-e-Bangla Nagar area, reports BSS.

The general point-to-point inflation rate was 5.47 percentage point in October.

The Planning Minister said the general point-to-point inflation rate increased by 0.58 percent last month from the previous month mainly because of the onion price hike.

“The main actor (behind the inflation uptrend) is onion. We don’t want to hide anything and our stance is very much clear in this regard,” he added.

Mannan said although the inflation trend is showing a “zig-zag” trend, but, it is likely to ease in the coming days with the availability of winter vegetables. The BBS data showed that the food inflation increased to 6.41 percent in November from 5.49 percent in the previous month, while the non-food inflation rate also increased slightly to 5.47 percent last month from 5.45 percent in October.

In the rural areas, the general inflation rate increased to 6.01 percent in the last month from 5.36 percent in October.

The general inflation rate also increased to 6.12 percent in November from 5.67 percent in October in the urban areas. The point-to-point national wage index witnessed an uptrend tread with 6.42 percent in November against 6.38 percent in October 2019.