Inflation slightly eases to 5.35pc in December
Published: 06:45 PM, 2 January 2019 Updated: 06:45 PM, 2 January 2019
Daily Bangladesh Desk
The general point to point inflation rate in December last further eased to 5.35 percentage point from the previous month (November, 2018) due to the slight decrease in both food and non-food inflation.
“The general point to point inflation rate slightly eased to 5.35 percentage point in December last,” said Planning Minister AHM Mustafa Kamal today while releasing the monthly consumer price index at ‘Meet the Press’ held at the NEC Conference Room in the city’s Sher-e-Bangla Nagar area.
The general point to point inflation rate in November, 2018 was 5.37 percent, in October was 5.40 percent, in September was 5.43 percent while it was 5.48 percent in August.
The general point to point inflation rate was 5.51 percentage point in July down from 5.54 percentage point in June. The general point to point inflation rate in May was 5.57 percentage point down from 5.63 percentage point in April.
The general point to point inflation rate in March this year was 5.68 percentage point while it was 5.72 percentage point in February. The general point to point inflation rate in January was 5.88 percentage point.
According to the data of the Bangladesh Bureau of Statistics (BBS), the point to point food inflation, slightly declined to 5.28 percent in December which was 5.29 percent in November.
After revealing the data, the Planning Minister said that the price of major commodities in international market including sugar, milk and palm oil has been witnessing a declining trend, while the price of sugar was the lowest over the last 10 years.
“There was apprehension that the inflation rate will increase in December. But, that did not happen … the declining trend of global price of milk, sugar and palm oil also put an impact over the declining trend of inflation in the country,” he added.
The Planning Minister also hoped that the trend of inflation would remain in a comfortable zone in this fiscal within the fiscal target of 5.5 percent.
Extending his heartfelt thanks to the people of his constituency, Kamal said the country’s people could have imagined before the election that the ongoing development projects would be halted if there is any change of the government. “But, that didn’t happen as the people of the country exercised their voting rights in favor of the pro-liberation forces,” he added.
He also hoped that Bangladesh would reach such a position under the dynamic leadership of Prime Minister Sheikh Hasina that the people could not have imagined before. “We won’t fail Insha Allah,” he said.
The BBS data showed that the point to point non-food inflation rate also declined slightly to 5.45 percent in December down from 5.49 percent in November.
Besides, the general inflation rate at the urban level in December declined slightly to 6.14 percent while it remained at 4.91 percent at the rural level.
At the rural level, the food inflation remained at 4.84 percent in December while the non-food inflation came down at 5.05 percent in December as against 5.06 percent in November this year.
In urban areas, the food inflation declined to 6.27 percent in December down from 6.32 percent in November. The non-food inflation rate also witnessed a declining trend with 5.99 percent in December which was 6.09 percent in November last.
The national wage index rate witnessed a 6.18 percent growth in December with 159.88 points against 6.26 percent growth in November with 159.28 points.
The average year-to-year rate of inflation from January 2018 to December 2018 declined to 5.55 percent, which was 5.70 percent from January 2017 to December 2017.
- Heat weave may continue
- Moazzem produced before Cyber Crime Tribunal
- World population to increase 2 bn by 2050: UN report
- Kohli breaks Sachin Tendulkar’s record
- 18 killed, 29 injured in Venezuela road crash
- OC Moazzem handed over to Feni police
- Moazzem to be produced before Cyber Crime Tribunal today
- Ijtema photo wins National Geographic prize
- Shahid says fight with Mira can last 15 days
- Tigers take on WI a must-win WC match
- 5th phase polls in 23 UZs tomorrow
- Bangladesh to face West Indies today
- Most-detailed-ever; black hole mystery disclosure
- Duas for thanking Allah Subhanahu Wa Ta`ala
- Green coconut: a little relief in heat-web
- Plastic product manufacturers for VAT withdrawal
- 6.46 lakh people live in Dhaka slums: Minister in JS
- Kuldeep’s double strike derails Pakistan’s chase
- India posted 336 against Pakistan
- `JP will loud for rights`
- India assures of cooperation to resolve rohingya crisis and Teesta deal
- Countrywide Vitamin ‘A’ plus campaign June 22
- JS sitting adjourned till 3 pm tomorrow
- Areas where gas supply shut on Monday
- 136 official promoted as Joint Secretary
- FSA chair exempted from contempt charge
- `Swajan` service to prisoners
- SC cancels Hallmark chairman’s bail
- Over 40% of newly elected Indian lawmakers facing charges
- Huge crowds march call for city leader to step down
- All News »
- Apurba’s younger brother commits suicide
- Akash of N’ganj made Lamborghini!
- Uber driver’s slit-throat body found in Uttara
- Daraz joins hands with Visa
- Australia beat Pakistan by 41 runs
- Ramp up pressure on Myanmar
- Mila’s assistant threw acid at Sanjari’s private parts!
- Rohingyas leave camps, collect Bangladeshi passports
- Amitabh Bachchan`s Twitter Account Hacked
- Oil tanker collision in Chattogram port, closes vessels movement
- Ex-Sonagazi OC Moazzem held
- Building wall collapses after explosion in Shanir Akhra, kills 1
- Yuvraj Singh retires from all forms of cricket
- 8 children injured as ceiling of hospital caves in
- Myanmar buying weapons despite int’l arms embargoes
- PM orders for professional skill based promotion of army men
- Finance Minister starts unveiling budget
- England wins beating Windies
- Class XI admission results published
- 2 students killed in Pabna road crash
- Cop sues wife on charge of torture for dowry
- ‘Lack of harvesting laborers results of employment opportunities’
- 53 children die in India from brain disease linked to lychee
- ‘Rohingya crisis may destabilise Asia if not resolved’
- JS budget session begins today
- Cigarette, bidi prices go up in Budget FY20
- Tk 5,23,190cr budget for FY20 unveils in Parliament
- College girl torched in Narsingdi, 1 held
- Che Guevara’s 91st birth anniv today
- Drug trader killed in Cumilla gunfight