General

Inflation in Bangladesh falls slightly in Jan

The inflation rate declined to 5.02 percent in January last from 5.29 percent in the previous month (December).

“The general point-to-point inflation rate eased to 5.02 percent in January 2021,” said the Planning Minister while briefing reporters after the weekly Ecnec meeting held at the NEC Bhaban in the city.

Revealing the monthly consumer price index of Bangladesh Bureau of Statistics (BBS), he said the current trend of inflation is a good sign. The inflation rate was under control despite the hike in rice prices, he added.

According to the BBS data, the food inflation went down to 5.23 percent in January, 2021 from 5.34 percent in December, 2020, while the non-food inflation rate also declined to 4.69 percent last month from 5.21 percent in December, 2020.

In rural areas, the general inflation rate declined to 5.00 percent in January 2021 from 5.28 percent in December, 2020.

Also in urban areas, the general inflation rate declined to 5.05 percent in January last from 5.31 percent in December, 2020.

The point-to-point national wage index witnessed an uptrend with 6.19 percent in January last against 6.15 percent in December 2020.