General inflation slides to 9.74 percent in June: BBS

The monthly inflation rate dropped slightly  to 9.74 percent in June, a 0.2 percent decrease from the previous month reports UNB.

The Bangladesh Bureau of Statistics (BBS) released this data on Monday. Bangladesh recorded an inflation rate of 9.94 percent in May, the highest in a decade.

According to the BBS, food inflation stood at 9.73 percent in June, an increase from 9.24 percent in May, while non-food inflation hit 9.6 percent, down from 9.96 percent in May.

The rural general inflation dropped to 9.82 percent in June from 9.84 percent in May. The rural flood inflation increased to 9.95 percent in June from 9.32 percent in May.  

Urban general inflation stood at 9.45 percent in June from 9.98 percent in May, while food inflation increased from (May) 9.13 percent to 9.26 percent in June.

The inflation rate based on the consumer price index (CPI) reflects the average change over time in the prices of a specified set of final commodities and services representing the market basket of a given group of consumers.

The CPI release presents three groups of the population as national, urban, and rural. Modernization of the CPI Compilation by BBS from April 2023 is basically a paradigm shift of CPI compilation in Bangladesh following the latest 2020 CPI manual of the IMF.