General

Inflation slightly increases in January

DHAKA, Feb 7, 2017 (BSS)-The general point-to-point inflation rate was 5.15 percent in January, a slight increase from December's 5.03 percent.

Planning Minister AHM Mustafa Kamal has attributed the rise in inflation to increase in the prices of course rice. Besides, people's expenditures went up in January as they had to spend more for the school admission purpose of their children.

The minister made the observation while releasing the monthly inflation update of the Bangladesh Bureau of Statistics (BBS) at the end of NEC conference room here today.

The food inflation increased to 6.53 percent in January from 5.38 percent in December while the non-food inflation came down to 3.10 percent in the month from 4.49 percent in the previous month.

According to the BBS, overall inflation at the urban level in January declined to 5.57 percent while it was 6.07 percent in December. In rural area overall inflation increased to 4.92 percent in January while it was 4.46 in December.

At the rural level, the food inflation increased to 6.28 percent which was 4.78 percent in December while the non-food inflation declined to 2.52 percent which was 3.88 percent in December.

In urban area, the food inflation increased to 7.11 percent in January which was 6.74 percent in December and non-food inflation came down to 3.91 percent in January which was 5.35 percent in December.

Source: Bangladesh Sangbad Sangstha (BSS)