Non-food inflation at 11-month peak
Consumers had to spend more to buy products and services other than food in May compared to April owing to the increasing prices of non-food items.
Data from the Bangladesh Bureau of Statistics (BBS) showed that non-food price inflation rose to 5.86 per cent, the highest in 11 months,
in May.
In April, non-food price inflation was 5.55 per cent.
Non-food price inflation has been rising gradually since February 2021 after touching 4.69 per cent in January, the lowest in nearly two-and-a-half years.
Despite the spike, consumers felt less pressure on their wallets in May than April because of a decline in food price inflation.
Food inflation dipped 4.87 per cent in May from 5.57 per cent the previous month.
Overall inflation dropped to 5.26 per cent in May from 5.56 per cent, the BBS data shows.
"It is good news," said Planning Minister MA Mannan at a briefing yesterday after a meeting of the National Economic Council.
The decline in food inflation will ease pressure on the poor and low income people, he added.
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