Inflation drops in August as rice prices fall

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Inflation drops in August as rice prices fall
« on: September 02, 2015, 09:07:27 PM »
After rising for two months, the overall inflation rate in Bangladesh declined in August, thanks to a drop in rice prices, the planning minister has said.

Both food and non-food inflation have also dropped in the second month of the 2015-16 fiscal, according to the national statistical agency.
Minister AHM Mustafa Kamal disclosed the latest figures at a press conference in Dhaka on Wednesday.
According to Bangladesh Bureau of Statistics (BBS) data, the overall inflation was down to 6.17 percent in August from 6.36 percent in July.
On a point-to-point basis, food inflation dropped to 6.06 percent from the previous month’s 6.07 percent.
Non-food inflation also went down to 6.35 percent from 6.80 percent in July.
In rural areas, the overall inflation decreased in August to 5.76 percent from 5.88 percent in July. In urban areas, the rate was 6.94 percent in August and 7.28 percent in July.
The inflation rate had stood at 6.25 percent in June during the last financial year and 6.19 percent in May.
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