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General point-to-point inflation eases further to 8.57pc

Published : 06 Feb 2023 10:24 PM

The general point-to-point inflation rate in January eased further as it fell to 8.57 percentage points down from 8.71 percentage points last December mainly because of the downtrend in food and non-food inflation.

The general point-to-point inflation rate in November last was 8.85 percentage points, according to the monthly consumer price (CPI) index of the Bangladesh Bureau of Statistics (BBS). The point-to-point food inflation came down to 7.76 percentage points in January down from 7.91 percentage points in December.

 On the other hand, the point-to-point non-food inflation also declined slightly to 9.84 percentage points in January down from 9.96 percentage points in December.

 Talking to the reporters, State Minister for Planning DrShamsulAlam said that the inflation rate has been falling in the country since September last while the wage rate is also increasing.

 "This means that the economy is now more active and vibrant," he said adding that the country's export earnings were much higher during this July-December period compared to the same period last year.

 DrAlam told another questioner that there is no reason to lose trust in the statistics of the BBS as it has been discharging its duties diligently.

 He noted that Bangladesh is not lagging behind in any index compared to the other countries even the World Bank and the International Monetary Fund and the FAO also acknowledge that.

 The BBS data showed that the general point-to-point inflation in the urban areas also declined to 8.39 percentage points in January down from 8.43 percentage points in December.

 National wage index rate in January was 7.06 per cent up from 7.03 per cent in December.