Inflation inches down to 5.57pc in May

Staff Correspondent | Published: 00:39, Jun 05,2018 | Updated: 00:55, Jun 05,2018

 
 

The point-to-point inflation in Bangladesh declined to 5.57 per cent in May from that of 5.63 per cent in April due mainly to fall in food inflation in the month.
The food inflation dropped by 0.47 percentage points to 6.56 per cent in May from 7.03 per cent a month ago but the non-food inflation, however, increased by 0.59 percentage points to 4.08 per cent in the month from 3.49 per cent in April, according to the Bangladesh Bureau of Statistics data.
The planning ministry on Monday released the monthly inflation data.
According to the data, the prices of food items like rice and tobacco declined in May while the expenditures for non-food items like clothes, house rent, electricity, medical and transport services and education materials increased in the month.
All the three categories of inflation — overall, food and non-food — increased significantly in the urban areas in May from the previous month, the data showed.
Overall and food inflation dropped but non-food inflation increased slightly in the rural areas in the month.
In May, point-to-point inflation, food and non-food inflation in the urban areas stood at 6.48 per cent, 8.69 per cent and 4.08 per cent respectively rising from 5.70 per cent, 7.63 per cent and 3.57 per cent respectively in previous month.
On the other hand, overall inflation and food inflation in the rural areas dropped to 5.07 per cent and 5.62 per cent respectively in May from that of 5.59 per cent and 6.76 per cent respectively in April.
Non-food inflation in the rural areas increased to 4.07 per cent in May from 3.44 per cent a month ago, the data showed.

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