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Inflation inches up in July

  • Published at 09:28 pm August 20th, 2019
Inflation
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In July, consumer price index (CPI) moved upward to 5.62% from 5.42% in June

Inflation in July inched up compared to the previous month due mainly to hike in prices of both food and non-food items, according to the data of Ministry of Planning.

In July, consumer price index (CPI) moved upward to 5.62% from 5.42% in June, the data said quoting the Bangladesh Bureau of Statistics (BBS) monthly statement.

The inflation was 5.51% in July, last year.

Food inflation in July went up to 5.42% from 5.40% in June while non-food inflation rose to 5.94% in July from 5.71% in June. 

The analysis of the ministry said that prices of meat, fishes, eggs, edible oils, variety of spices and soft drinks increased in July. In non-food category, house rent, gas bills, cost of healthcare services, education equipment and prices of clothing and miscellaneous goods also went up in the given month.

In urban area, inflation rose to 5.88% in July from 5.78% in June.

In the rural area, it was 5.38% in June and moved up to 5.49% in July, the data added.