Dhaka, Bangladesh (BBN) – Bangladesh’s point-to-point inflation has fallen to a record low in October this year in last two years as it was registered at 6.60 per cent due mainly to lower prices of different commodities in the global market.
The point-to-point inflation in October dropped by 0.43 percentage points to 6.60 per cent from 7.03 per cent of the corresponding period last year while by 0.24 percentage points from the 6.84 per cent in the previous month September this year, the Bangladesh Bureau of Statistics (BBS) said.
The average inflation in last one year (Nov 2013-Oct 2014) had also dropped to 7.18 per cent from 7.47 per cent of the corresponding period last year, the BBS data showed.
BBS officials said two years ago in November 2012, inflation was in the lowest trajectory of 6.55 per cent which started to pick up and maintain higher trend in the last 24 months till September this year.

Except three months in the last two years (November 2012 to October 2014), inflation did not fall below the 7.0 per cent trajectory. During the period, it picked up even to 8.37 per cent in April 2013.

Planning Minister AHM Mustafa Kamal at a press briefing in the city’s Planning Commission said since the prices of different products in the international market and in the major sourcing country India had fallen, inflation in Bangladesh has also come down.

The recorded inflation in October has proved that it is under the government target resulting in keeping the economy in a comfortable zone, the minister added.

According to the BBS data, the inflation on point-to-point basis for food items in October this year was recorded lower to 7.16 per cent. In the previous month September, it was recorded at 6.84 per cent.

The non-food inflation, however, gone up slightly to 5.74 per cent in October. In the previous month September, it was at recorded 5.63 per cent.
The general Consumer Price Index (CPI) on the point-to-point basis in October increased to 206.81 from 205.39 in the previous month September, the BBS data showed.

According to the BBS, the point-to-point inflation in the rural areas had also fallen in October as it was recorded at 6.49 per cent. In September last, the inflation in rural areas stood at 6.75 per cent.

In the urban areas, the inflationary trend last month dropped to 6.79 per cent. In the previous month September, it was recorded at 7.02 per cent.

BBN/SSR/AD-14Nov14-2:56 pm (BST)