Inflation dropped by 0.19 percentage point in November
Staff Correspondent, bdnews24.com
Published: 2016-12-06 22:16:22.0 BdST Updated: 2016-12-07 20:43:52.0 BdST
Inflation has come down slightly in November after previous month's hike in food price that had pushed point-to-point inflation up in October.
The inflation in November stood at 5.38 percent compared to 5.57 percent the previous month, according to the latest figures by the Bangladesh Bureau of Statistics released on Tuesday.
Planning Minister AHM Mustafa Kamal told reporters at the end of ECNEC meeting on Tuesday that due to the abundance in market, the price of essential commodities like rice, pulses, onion, garlic and vegetable has come down, which has an impact on receding inflation level.
“We hope we would be able to keep inflation within our target, 5.5 percent in the current fiscal, 2016-17,” the minister said.
In overall inflation, the food inflation is recorded at 5.41 percent while other sectors’ inflation stands at 5.33 percent in November, according to the BBS report.
Food price inflation in urban area has come down to 6.35 percent in November from 6.74 percent in the previous year, the report added.
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