Inflation drops in Nov

Staff Correspondent | Published: 23:02, Dec 06,2016 | Updated: 23:08, Dec 06,2016


Point-to-point inflation declined by 0.19 percentage points to 5.38 per cent in November, the lowest in the current fiscal year, from that of previous month due mainly to fall in prices of both food and non-food items, according to data of the Bangladesh Bureau of Statistics.
In October, overall inflation rate was 5.57 per cent.
Food inflation in November dropped to 5.41 per cent from 5.56 per cent in October, BBS data, released on Tuesday, showed.
Non-food inflation also decreased to 5.33 per cent in November which was 5.58 per cent in previous month.
‘Point-to-point inflation dropped in the month as prices of food items including vegetables and fish in the kitchen markets remained lower and supply of food items was also normal,’ planning minister AHM Mustafa Kamal told reporters at a press briefing held at NEC conference room after the weekly ECNEC meeting.
The rate of inflation in November was the lowest in the FY 2016-2017, he said.
The trend of inflation was also consistent with the government target of containing it within 5.5 per cent by the end of the fiscal year, he added.
In November last year, general inflation was 6.05 per cent.
According to the BBS data, all types of inflation—point-to-point, food and non-food—both in urban and rural areas came down in November from that of the previous month.
Point-to-point inflation eased to 6.56 per cent and 4.75 per cent in the month respectively in urban and rural areas which were 6.87 per cent and 4.87 per cent respectively in both areas in October.
In November, food and non-food inflation stood at 6.74 per cent and 6.35 per cent respectively in urban areas which were 5.41 per cent and 5.33 per cent respectively in rural areas.
In October, food inflation was 7.09 per cent in urban areas and 4.89 per cent in rural areas while non-food inflation was 6.63 per cent and 4.83 per cent respectively in urban and rural areas.
According to the data, on a monthly basis, food inflation was negative by 0.49 percentage points in November because of fall of prices of rice, pulse, vegetables, onion and ginger compared with that of previous month.
In October, food inflation was 1.11 per cent.
The rate of non-food inflation, however, was 0.03 percentage points in the month because of price hike of clothes, house rents, energy and electricity, furniture and household items, cost of medical services, transport and education materials. 

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