Exports and remittances have shown a rise within one-and-a-half months of his government, the prime minister says
Planning minister says inflation hiked due to Eid
Planning Minister AHM Mustafa Kamal has said inflation spiked in July, the first month of the new 2015-16 fiscal, due to a hike in clothing and cosmetic sales for the Eid-ul-Fitr.
Published : 4 August 2015, 03:00 PM
Updated : 4 August 2015, 03:04 PM
On a point-to-point basis, July’s inflation hit 6.36 points, a 0.11 percentage point rise from June, according to the latest report of the Bangladesh Bureau of Statistics.
“Non-food inflation has increased due to the large sale of clothing and cosmetics ahead of Eid,” Kamal said on Tuesday after an ECNEC meeting.
“The rise in inflation is mainly caused by that.”
Non-food inflation hit 6.8 percent in July, which saw Eid celebrated on the 18th. It was 6.15 percent in June.
Food inflation in the same period has fallen to 6.07 percent from 6.32.
Rural inflation was 5.88 percent in July, 0.02 percent less than that in June, while urban inflation was 7.28 percent, 0.37 percent more than that in the previous month.
RELATED STORIES
They condemn the move as a ‘blow to press freedom’
Government spokesman Mobhare Matinyi said the allegations were false
The dollar is at its highest since November against other major currencies, poised for a fourth straight month of gains
