Food inflation 9%
The general point-to-point inflation rate soars further in December 2013 as it notched 7.35 percent, up from 7.15 percent in November last year, mostly due to the political unrest.
“The general point-to-point inflation rate increased slightly in last December as it stood at 7.35 percent, which was 7.15 percent in November,” the director general of Bangladesh Bureau of Statistics (BBS) said on Tuesday.
Mostafa Kamal stated this while releasing the monthly Consumer Price Index (CPI) at the BBS auditorium.
The point-to-point inflation rate in December 2012 was 7.14 percent.
The BBS director general said the food inflation in December last year rose to 9.00 percent, up from 8.55 percent in November last year.
The non-food inflation rate, however, declined to 4.88 percent in December last year, down from 5.08 percent in November last year.
In urban areas, the general point-to-point inflation rate was 7.58 percent in December last year, as against 7.22 percent in the rural areas.
The general inflation in urban areas in November 2013 was 7.58 percent while 6.92 percent in rural areas.
The food inflation increased in rural areas in December last year to 8.63 percent, up from 8.06 percent in the previous month (November).
The non-food inflation in rural areas was found declining as it was 4.69 percent in December compared to 4.88 percent in November last year.
In urban areas, the food inflation rate increased in December as it stood at 9.89 percent, up from 9.67 percent in November last year.
The non-food inflation rate in urban areas, however, witnessed a downtrend in December as it stood at 5.13 percent as against 5.35 percent in November last year.
The national wage index rate also witnessed a 9.00 percent growth in December last year with Tk 8020.88, up from Tk 7938.20 in November last year.
Mostafa Kamal said the overall food inflation witnessed a 0.78 percent rise in December compared to November last year due to the price hike in rice, pulse, flour, fishes, meat, fruits, milk, edible oil, spices, other food items and tobacco items.
However, the non-food inflation rate declined by 0.19 percent due to less consumption following disruption of supply chain of clothes, house rent, furniture, household items, medical services, transport, educational equipments and other services.
Asked about the reason behind the decrease in non-food inflation rate, the BBS Director General said the disruption in the transport sector over the last two months due to blockades coupled with political instability had a huge impact on the inflation trend of non-food items.
Replying to another question, Golam Mostafa Kamal said that the political instability brings about disruption in all spheres of life and also have adverse impact on the country's economy and on the whole of society as well.
Replying to a query, he said there is less possibility of the food inflation rate reaching double digit in near future.
The annual average inflation rate during the period (January-December 2013) stood at 7.53 percent compared to 6.22 percent during January-December 2012.
Inflation soars to 7.35% in Dec
Food inflation 9%