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The Financial Express

Inflation rises in September

Inflation in 1st quarter of FY18 also witnessed rise


Published: October 17, 2017 19:06:41 | Updated: October 24, 2017 13:19:28


Inflation rises in September

The rate of inflation in the month of September has witnessed a rise by 0.59 percentage point, according to the latest data of Bangladesh Bureau of Statistics (BBS).

As per BBS statistics, inflation also rose in the first quarter of the current fiscal compared to the same period of previous fiscal.

The rate of inflation in September 2017 was 6.12 per cent. In the same month of last year inflation was 5.53 per cent.

The BBS also says that the first quarter (July-September) of the current fiscal recorded 5.86 per cent inflation against 5.43 per cent in the same period of fiscal 2016-17.

"Recent flood disrupted production and supply chain that pushed the inflation slight up, but it would come down soon," said Planning Minister A H M Mustafa Kamal on Tuesday.

Kamal said it while releasing the monthly consumer price index (CPI) at the ECNEC briefing at ERD conference room at city's Sher-e-Bangla Nagar, says a report on BSS.

He hoped the inflation would be within the target set in the fiscal policy.

At rural level, the point-to-point inflation in September recorded 6.21 per cent which was 4.63 per cent in the same period of previous fiscal.

On the other hand, the quarterly (July-September) inflation stood at 5.84 per cent this year, while it was 4.53 per cent in the same quarter of fiscal 2016-17.

However, the urban level inflation in September was registered 5.95 per cent compared to 7.21 per cent in the same month of previous fiscal.

But, the quarterly (July-September) inflation at urban level in this fiscal counted 5.91 per cent which was 7.12 per cent in the same period of fiscal 2016-17.

The BBS statistics shows that price of some food and non-food items increased in the first quarter (July-September) of this fiscal compared to the fourth quarter (April-June) of previous fiscal.

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