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Inflation eases to 5.35pc in December


Inflation eases to 5.35pc in December

The general point to point inflation rate in December last further eased to 5.35 percentage point from the previous month (November, 2018) due to the slight decrease in both food and non-food inflation.

"The general point to point inflation rate slightly eased to 5.35 percentage points in December last," said Planning Minister A H M Mustafa Kamal on Wednesday (Jan 2) while releasing the monthly consumer price index at 'Meet the Press' held at the NEC Conference Room in the city's Sher-e-Bangla Nagar area, local media reported.

The general point to point inflation rate in November, 2018 was 5.37 percent, in October was 5.40 percent, in September was 5.43 percent while it was 5.48 percent in August.

The general point to point inflation rate was 5.51 percentage point in July down from 5.54 percentage point in June. The general point to point inflation rate in May was 5.57 percentage points down from 5.63 percentage point in April.

The general point to point inflation rate in March this year was 5.68 percentage point while it was 5.72 percentage point in February. The general point to point inflation rate in January was 5.88 percentage point.

According to the data of the Bangladesh Bureau of Statistics (BBS), the point to point food inflation, slightly declined to 5.28 percent in December which was 5.29 percent in November.

After revealing the data, the Planning Minister said that the price of major commodities in international market including sugar, milk and palm oil has been witnessing a declining trend, while the price of sugar was the lowest over the last 10 years.

"There was apprehension that the inflation rate will increase in December. But, that did not happen … the declining trend of global price of milk, sugar and palm oil also put an impact over the declining trend of inflation in the country," he added.

The Planning Minister also hoped that the trend of inflation would remain in a comfortable zone in this fiscal within the fiscal target of 5.5 percent.

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