According to data released on Tuesday, point-to-point inflation was 7.04 percent in July against 6.97 percent in June.
Planning Minister AHM Mustafa Kamal released the latest inflation data at a press conference on Tuesday after a meeting of the Executive Committee of the National Economic Council.
Finance Minister Abul Maal Abdul Muhith had said in his budget speech on June 5 that the annual average inflation would hover around 7 percent in June this year and decrease at the end of June next year.
But in June this year, the annual average rate was 7.35 percent.
The Bangladesh Bureau of Statistics (BBS) used to release information on inflation in the first week of every month.
But the planning minister has been doing that over the past three months in presence of the bureau officials.
According to data, non-food inflation increased to 5.71 percent in July from 5.45 percent in June.