Saturday, July 22, 2017

Inflation rises in final months of FY 2016-17

  • Staff Correspondent, bdnews24.com
    Published: 2017-07-11 21:08:51 BdST

bdnews24

Consumer prices rose to 5.72 percent in the fourth quarter of the last fiscal year after remaining slightly low in comparison to the previous year. The rate was 5.53 percent in the same period of fiscal 2015-16.

Early floods and anticipation of the national budget caused inflation to accelerate in the final months of 2016-17, said Planning Minister AHM Mustafa Kamal at a media briefing on Tuesday. 

"The rise in rice prices mainly contributed to the food inflation hike. Prices of some products were increased in the lead-up to the budget announcement. This also contributed to the rate."

Annual inflation eased to 5.44 percent in the year to June from 5.92 percent a year ago, according to data released by the Bangladesh Bureau of Statistics.