Home ›› Economy

Inflation was 12yr highest in FY23: Titu

UNB . Sangsad Bhaban
23 Jun 2024 21:10:28 | Update: 23 Jun 2024 21:11:32
Inflation was 12yr highest in FY23: Titu
— File Photo

The FY2022-23 saw the highest inflation in the last 12 years. Inflation in this financial year was 9.02 per cent.

State Minister for Commerce Ahsanul Islam Titu said this on Sunday while replying to a tabled question of ruling Awami League MP elected from Noakhali Morshed Alam.

According to the information placed by the state minister, inflation rate was 8.69 per cent in 2011-12 fiscal; 6.78 per cent in 2012-13 fiscal; 7.35 per cent in 2013-14 fiscal; 6.41 per cent in 2014-15; 5.92 per cent in 2015-16; 5.44 per cent in 2016-17; 5.78 per cent in 2017-18; 5.48 per cent in 2018-19; 5.65 per cent in 2019-20; 5.56 per cent in 2020-21; 6.15 per cent in 2021-22 and 9.02 per cent inflation rate in 2022-23.

In response to ruling Awami League MP Samil Uddin Ahmed, the state minister for Commerce said that currently Bangladesh has business transactions with 210 countries of the world. Among the countries, Bangladesh has a trade deficit with 82 countries.

According to the information placed by the state minister, Bangladesh has the largest trade deficit with China which is $ 17,149.2 million. As per statistics of 2022-23, the total trade deficit of Bangladesh is $ 15,239.55 million.

In response to the question of the Independent MP elected from Natore-1 Abul Kalam, Ahsanul Islam Titu said that there is a trade deficit with countries other than Sri Lanka and Maldives among the SAARC countries.