Shillong, September 10: In August, Bangladesh experienced a surge in inflation, rising to 9.92% from the previous month’s 9.69%. This increase, as reported by the Bangladesh Bureau of Statistics (BBS), was primarily attributed to higher food prices.
As per IANS, according to data from the BBS, food inflation soared to 12.54% in August, compared to 9.76% in the previous month. Conversely, inflation for non-food items eased to 7.95% in August, down from 9.47% in July.
This spike in inflation is part of a recent trend in Bangladesh, with May witnessing inflation reaching 9.94%, the highest level in the past decade. Finance Minister AHM Mustafa Kamal, in his budget speech, attributed this price increase primarily to external factors.
The budget proposal for Bangladesh sets a target of achieving an average inflation rate of 6.5% during the current fiscal year, spanning from July 2023 to June 2024.
