The inflation rate decreased to 5.47 per cent in October from 5.54 per cent in the previous month thanks to significant fall in prices of non-food items and some food commodities.
“Despite price hike of onion, the overall prices of fishes, vegetables and fruits cane down slightly in October comparing to that in September last,” said Planning Minister MA Mannan on Tuesday.
He said this while briefing reporters after the monthly consumer price index was placed at the ECNEC meeting held in the NEC conference room in the city.
Bangladesh Bureau of Statistics (BBS) data show that food inflation increased to 5.49 per cent in October from 5.30 per cent in the previous month, while the non-food inflation rate declined to 5.45 per cent last month from 5.92 per cent in September.
In the rural area, the general inflation rate declined to 5.36 per cent in the month from 5.41 per cent in September.
The general inflation rate also declined to 5.67 per cent in October from 5.80 per cent in September in the urban area.
The point-to-point national wage index witnessed downward trend with 6.38 per cent in October against 6.51 per cent in September 2019.