BangladeshPost placeholder

Staff Correspondent
The inflation rate in November last slightly reduced to 5.37 per cent from October due to decrease in non-food inflation.
The general point to point inflation rate in October was 5.40 per cent point down from 5.43 per cent point in September.
The general point to point inflation rate in July was 5.51 per cent point down from 5.54 per cent point in June. The general point to point inflation rate in May was 5.57 per cent point down from 5.63 per cent point in April.
After revealing the data, the Planning Minister AHM Mustafa Kamal said that the inflation was on the declining trend last month as there was no mismatch in the demand and supply side.
“All kinds of products price has been stabled as the inflation rate eased. The supply of all essential items are now stable and normal side by side the price of food items like green chili, onion, turmeric, rice, chicken are downing trends,” he told reporters while releasing the monthly consumer price index at a press conference held at the National Economic Council Conference Room in the city’s Sher-e-Bangla Nagar on Tuesday.
The BBS data shows that the point to point food inflation, slightly increased to 5.29 per cent in November which was 5.08 per cent in October.
The inflation rate in March this year was 5.68 per cent point while it was 5.72 per cent point in February. The general point to point inflation rate in January was 5.88 per cent point.
“There is no mismatch in the demand and supply chain, the price of essentials produced locally and imported items are is low while the exchange rate is almost same in the last one year,” he added.
The minister hoped that the trend of inflation would remain in a comfortable zone in this fiscal.
He also expressed hoped that the GDP growth rate at the end of current fiscal year would reach 8.25 percent.
The BBS data showed that the non-food inflation rate, however, declined slightly to 5.49 percent in November down from 5.90 per cent in October.
Besides, the general inflation rate at the urban level in November declined slightly to 6.21 per cent while it was 4.91 per cent at the rural level.
The food inflation slightly increased at rural area to 4.84 per cent in November which was 4.52 per cent in October, while the non-food inflation came down at 5.06 per cent in November as against 5.53 per cent in October this year.
In urban areas, the food inflation also declined to 6.32 per cent in November down from 6.35 per cent in October.
The national wage index rate witnessed a 6.26 per cent growth in November with 159.28 points against 6.19 per cent growth in October with 157.88 points.
The average rate of inflation from December 2017 to November 2018 declined to 5.59 per cent which was 5.64 per cent from December 2016 to November 2017.
Ends….Zakaria