National, Front Page

Inflation eases slightly in Nov

Published : 05 Dec 2022 09:28 PM | Updated : 06 Dec 2022 03:24 PM

The country’s point-to-point inflation has decreased for three straight months to stand at 8.85 percent in November this year.

Planning Minister MA Mannan disclosed the information while talking to reporters in his office at Sher-E-Bangla Nagar of the capital on Monday.

The Planning Minister said the inflation has declined mainly due to the ease of fuel prices in the global market, Trading Corporation of Bangladesh providing essential food items at subsidized rate, and a production surplus of winter vegetables.

However, the non-food inflation increased by 1.07 percent and stood at 10.31 percent in the last month from 9.98 percent in October, the latest report of the Bangladesh Bureau of Statistics (BBS) reveals.

In October, the inflation rate was 8.91 percent, while September saw an inflation rate of 9.1 percent.

Fuel price hike in August pushed the point-to-point inflation in a decade-highest 9.52 percent, which had dropped by 0.61 percent in the last two months.

However, general inflation increased slightly in rural areas in November and it stood at 8.98 percent, while it was 8.92 percent in October.

The general inflation in urban areas has decreased point to point 8.70 percent, while it was 8.90 percent in October 2022.

The Planning Minister said, "I got very good news in November. Inflation is likely to ease further in December. Oil and gas prices are also falling globally along with rice, vegetables as per the target.”

The Planning Minister expects the overall growth of the economy will increase to seven percent.