November inflation eases slightly to 8.85%

BTJ Desk Report
November inflation eases slightly to 8.85%

The general point to point inflation rate in November eased further as it fell to 8.85 percentage point mainly because of the downtrend in food inflation.

“The general point to point inflation rate eased further to 8.85 percentage point in November,” said Planning Minister MA Mannan while addressing a press conference to reveal the monthly consumer price (CPI) index at his Ministry here today.

The general point to point inflation rate in October was 8.91 percentage point, according to the latest data of the Bangladesh Bureau of Statistics (BBS).

The point to point food inflation came down at 8.14 percentage point in November down from 8.50 percentage point recorded in October this year.

On the other hand, the point to point non-food inflation, however, increased slightly to 9.98 percentage point up from 9.58 percentage point registered in October.

Commenting on the overall inflation situation, the Planning Minister said, “We’ve got very good news in November. There is a possibility that inflation will reduce further in December also.”

Turning to the issue of fuel oil, he said that the government procures fuel oil from international market and it does not make any business with it while selling in local market.

He informed that the government would review the indices for calculating the CPI index alleging that many had tried to do politics with the upward trend of inflation, but ultimately they have failed.

The Planning Minister mentioned that the general point to point inflation has declined over the last three months on a continuous basis and it would reduce further in December.


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