Inflation rises to 5.31pc in February

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Inflation rises to 5.31pc in February
« on: April 03, 2017, 10:41:39 AM »
The inflation rate rose again in February, following on the increase in January.The inflation rate increased to 5.31 per cent in February from 5.15 per cent in January. This means that something Tk 100 in 2016 would cost Tk 105.31 in February.

The data from the Bangladesh Bureau of Statistics (BBS) was revealed to the media  Planning Minister AHM Mustafa Kamal at the NEC Conference Room in Dhaka’s Sher-e-Bangla Nagar, reports He attributed the rise in the inflation rate to increase in the price of beef and edible oil. The January hike in the inflation rate was attributed to a rise in the price of coarse rice.

General inflation in the food sector rose from 6.53 per cent in January to 6.84 per cent in February. Non-food inflation, however, has dropped slightly from 3.10 per cent in January to 3.07 per cent in February. The general inflation rate in rural areas also increased from 4.92 per cent to 5.14 per cent between January and February. Inflation in urban areas also rose slightly from 5.57 per cent to 5.62 per cent.
Source: Financial express. April 03, 2017
Sunjida Khan
Department of Business Administration
Faculty of Business & Economics