Dhaka, Bangladesh (BBN) - Bangladesh’s inflation as measured by consumers’ price index eased further to 9.92 per cent in the month of September on the point-to-point basis mainly due to lower prices of both food and non-food items.
The inflation dropped 58 basis points to 9.92 per cent in September this calendar year from 10.49 per cent a month before. It was 9.72 per cent in June, 2024, according to the Bangladesh Bureau of Statistics (BBS)’s latest data, released on Wednesday.
Food inflation fell 96 basis points to 10.40 per cent in September from 11.36 per cent a month ago while non-food inflation came down to 9.50 per cent from 9.74 per cent on the point-to-point basis.
In August, the country's inflation dropped to 10.49 per cent from record 11.66 per cent in July, marking a 1.17 percentage point decline – the largest decline since 2013.
Overall CPI, a measure of changes in the prices paid by the consumers for a basket of goods and commodities, has been staying at more than 9.0 per cent since March 2024, although the central bank hiked the policy rates several times and let the market determine interest rates.
Last week, the central bank of Bangladesh hiked the policy or repo rate, at which commercial banks borrow from the central bank, by 50 basis points to 9.50 percent to rein in inflation.
BBN/SSR/AD