Inflation slightly declines to 5.47 percent in Oct

The inflation rate decreased to 5.47 percentage point in October from 5.54 in the previous month thanks to significant fall in prices of non-food items and some food commodities.

“Despite price hike of onion, the overall prices of fishes, vegetables and fruits cane down slightly in October comparing to that in September last,” said Planning Minister MA Mannan on Tuesday.

He said this while briefing reporters after the monthly consumer price index was placed at the Ecnec meeting held in the NEC conference room in the city.

Bangladesh Bureau of Statistics (BBS) data show that food inflation increased to 5.49 percent in October from 5.30 percent in the previous month, while the non-food inflation rate declined to 5.45 percent last month from 5.92 percent in September.

In the rural area, the general inflation rate declined to 5.36 percent in the month from 5.41 percent in September.

The general inflation rate also declined to 5.67 percent in October from 5.80 percent in September in the urban area.

The point-to-point national wage index witnessed  downward trend with 6.38 percent in October against 6.51 percent in September 2019.