Inflation rose again in February

The inflation rate rose again in February, following on the increase in January.

The inflation rate increased to 5.31 percent in February from 5.15 percent 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 on Tuesday by Planning Minister AHM Mustafa Kamal at the NEC Conference Room in Dhaka’s Sher-e-Bangla Nagar.

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 had been attributed to a rise in the price of coarse rice.

General inflation in the food sector rose from 6.53 percent in January to 6.84 percent in February.

Non-food inflation, however, has dropped slightly from 3.10 percent in January to 3.07 percent in February.

The general inflation rate in rural areas also increased from 4.92 percent to 5.14 percent between January and February.

Inflation in urban areas also rose slightly from 5.57 percent to 5.62 percent.