Inflation soars to 11.97pc in September

The rate of inflation has remained stubbornly high after the latest official statistics put the point-to-point inflation at 11.97 percent in September.
The rate has maintained its upward trend as the inflation was 11.29 percent in August, according to Bangladesh Bureau of Statistics.
Last month, the food inflation also went up to 13.75 percent, which was 12.70 percent in August.
At 8.77 percent, the non-food inflation was however a bit static in September, which was 8.76 percent the previous month, the latest official stats show.
The overall inflation rate has continued upward trend in the last few months due mainly to food price increases.
Officials of the central bank however said the inflation could ease in the coming months riding on a stable rice price.