Inflation in Bangladesh Dips to 7.48 Percent in July

Inflation

Inflation in Bangladesh came down to 7.48 per cent in July from 7.56 per cent in June. This information has been given in the latest figures. Disclosing the figures on Wednesday, Planning Minister M.A. Mannan said this figure is higher than the corresponding month last year, when inflation was 5.36 per cent.

According to the Consumer Price Index (CPI), food inflation declined to 8.19 per cent in July from 8.37 per cent in the previous month.

As the data shows, inflation in non-food items rose to 6.39 per cent in July from 6.33 per cent in June,

Inflation in Bangladesh Rose to 7.56 Per cent in June, the Highest in Nearly Nine Years

Against this background, the minister expressed satisfaction over the reduction in CPI in July, saying it was good news for the government as it tried to contain inflation in line with the budgetary target.

He said the fall in inflation is on account of fall in commodity prices in the international market and expressed hope that inflation will ease further in August.

In June, the country set a record national budget of nearly 7 trillion-taka ($70 billion) for the 2022-23 fiscal year beginning in July, and the government said it would address inflation by addressing the discrepancies between supply and demand. Committed to controlling.

According to the budget proposal, Bangladesh has set an average inflation rate of 5.6 per cent in the new fiscal.

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