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Inflation drops to 10.49% in Aug

Staff Correspondent
08 Sep 2024 16:37:51 | Update: 08 Sep 2024 17:05:38
Inflation drops to 10.49% in Aug
— Representational Image

Inflation dropped to 10.49 per cent in August from 11.66 per cent, easing by 1.17 percentage points, according to latest data released by the Bangladesh Bureau of Statistics (BBS) on Sunday.

In July, the country observed 12-year high general inflation amid the student protests and blockades across the country that led to the fall of the Awami League-led government in the first week of August.

The inflation reflected the soaring price of goods and services as continuous protests and suspension of vehicular movements led to supply chain disruption. The prices started to fall slightly since the country started returning to normalcy.

The interim government, which assumed power on August 8, has prioritised tackling inflation, while students in the capital and elsewhere started monitoring local markets to help control prices from August 9.

But in August, a flood that hit eleven districts in the country made the situation more complicated as many died, hundreds of thousands of people were affected, and croplands were destroyed.

According to the BBS, the overall food inflation dropped to 11.36 per cent in August from 14.10 per cent in July, but non-food inflation increased to 9.74 per cent in August from 9.68 per cent in July.

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