Inflation edges up to 5.56pc in April

Staff Correspondent

28 May, 2021 12:00 AM printer

General inflation edged up to 5.56 percent year-on-year in the month of April which was 5.47 percent in the month of March thanks to spike in both food and non-food prices, suggest latest official data.

Monthly CPI inflation in April over March 2021 was recorded at 0.66 percent with food prices gaining 0.93 percent and non-food items’ prices rising 0.22 percent, Bangladesh Bureau of Statistics (BBS) data showed.

Consumer Price Index (CPI) rose to 293.88 points in April, which was at 291.96 points one month ago. In April 2020 the index was at 278.39 points.

Point-to-point food inflation surged to 5.57 percent in April, which remained slightly low at 5.51 percent in March. 

Meanwhile, non-food prices soared by 5.55 percent in April this year compared to that one year ago. In March non-food inflation was recorded at 5.39 percent.

Rural general inflation rate was higher at 5.66 percent last month compared to 5.39 percent urban general inflation rate. These to rates were 5.55 percent and 5.31 percent respectively in the previous month.

Rural food inflation was much higher at 5.88 percent last month against 4.87 percent urban food inflation. In the previous month these rate were 5.83 percent and 4.80 percent respectively. 

However, non-food inflation remained somewhat low at 5.25 percent in rural areas compared to 5.96 percent urban non-food inflation in April. In March non-food inflation was recorded at 5.03 percent for rural areas and 5.87 percent for urban areas.   Moving annual average inflation during May 20-April 21 was 5.60 percent compared to that of previous corresponding period.