Dhaka, Bangladesh (BBN)– Bangladesh’s inflation as measured by the consumers’ price index (CPI) moved up 10 basis points to 5.62 per cent in July on point-to-point basis due to raise in prices of both food and non-food items.
Food inflation rose to 5.42 per cent in July from 5.40 per cent of the previous month while non-food inflation stood at 5.94 per cent from 5.71 per cent, according to official data.
Planning Minister M A Mannan unveiled the data after emerging from a meeting of the Executive Committee of the National Economic Committee (ECNEC) on Tuesday.
He said the inflation increased a little bit last month due to increase in the prices of some food and non-food items, including fish, meat, egg, dress, house rent, and medical and educational costs.
The pressure on inflation increased both in rural and urban areas in July, according to the Bangladesh Bureau of Statistics (BBS) data.
In the rural areas, the inflation rate was recorded 5.49 per cent last month compared to 5.38 per cent per cent in June.
The food inflation in the villages increased slightly to 5.60 per cent in July from that of 5.58 per cent in the previous month.
In the urban areas, the inflation on point-to-point basis was recorded 5.88 per cent in July, showing a rising trend from that of 5.78 per cent in June.
The food inflation in the cities rose to 5.03 per cent compared to 5.01 per cent in the previous month.
The non-food inflation in the urban areas also increased to 6.84 per cent last month compared to 6.64 per cent in June.