General point to point inflation reaches 9.92pc in August

The general point-to-point inflation rate reached 9.92 percent (pc) in August, 2023 up from 9.69 percent registered in July, 2023 mainly due to the uptrend in food inflation.

The general point-to-point inflation rate in June, 2023 was 9.74 percent, according to the latest data of the Bangladesh Bureau of Statistics (BBS).

Although the food inflation witnessed increase last month, but the non-food inflation rate came down during the period.

The BBS data showed that the food inflation increased to 12.54 percent in August up from 9.76 percent in July.

On the other hand, the non-food inflation rate declined to 7.95 percent in August down from 9.47 percent in July.

The general point to point inflation both at the urban and rural areas also increased last month.

The point-to-point inflation in the rural areas in August was 9.98 percent which was 9.75 percent in July. On the other hand, the point-to-point inflation in the urban areas in August was 9.63 percent which was 9.43 percent in July.

The annual average inflation from September 2022 to August 2023 notched 9.24 percent.

The wage rate index in August witnessed an uptrend with 7.58 percent which was 7.52 percent in July.