Dhaka, Bangladesh (BBN) – The country’s inflation as measured by consumers’ price index (CPI) moved up further in the month of November mainly because of increase in prices of fuel oil, officials said on Monday.
The point-to-point inflation rate rose to 11.58 percent in November from 11.42 per cent of the previous month, according to Bangladesh Bureau of Statistics (BBS) data, released on the day.
The BBS said food inflation was high in urban areas which stood at 14.04 per cent in November. Non-food inflation remained at 9.47 per cent in the urban areas in the same month.
The rate of annual average inflation went up by 0.34 percentage point to 10.51 percent November from 10.18 percent in October this yea, the BBS data showed.
BBS Director General Shajahan Ali Mollah said the inflation rate remained high in November mainly due to rise in prices of fuel oil.
There was increase in prices of fish, meat, dairy products, clothing, laundry items and furniture and bus fares in November, leading the surge in food inflation, the BBS chief said while explaining the inflationary situation on the economy.
The government has hiked prices of fuel oil twice in a very short span of time recently to ease pressure on subsidy.
Some 302 products (food and non-food) are the basket of calculating consumer price index in urban areas while the number is 210 in rural areas.
BBN/SSR/AD-06Dec11-12:17 am (BST)