In the space of one month, the rate of inflation in food products has increased another point. According to the Bangladesh Bureau of Statistics (BBS), food inflation rose to 5.60 percent in January from 5.46 percent in December.
Inflation in non-food items stood at 7.26 percent in January, up from 7 percent in the previous month. The BBS is claiming that the overall inflation rate has come down as the rate of inflation in non-food products has come down even though the rate of inflation in food products has increased.
According to the agency, the overall inflation rate in the country in January was lower than the previous month. According to the latest data released by the agency on Wednesday, the country’s overall inflation rate stood at 5.86 percent in the first month of January this year on a point-to-point basis. In December, the rate was 6.5 percent. Inflation in November was 5.98 percent. According to the BBS, food inflation in urban and rural areas rose further in January.
According to the analysis, the prices of all types of rice have gone up in the country in a month. The prices of edible oil, sugar, spices, milk and fish have also gone up. Prices of beef and mutton have also gone up. Prices of eggs, onion, ginger and garlic have come down. The price of potato is also on the list of reduction in one month interval.
According to the BBS, the overall inflation rate at the rural level in January stood at 6.7 percent, up from 6.27 percent in December. In rural areas, food inflation stood at 5.94 percent in January, up from 5.93 percent in December. Inflation in non-food items stood at 6.32 percent in January, up from 6.94 percent in December.
On the other hand, at the city level, the overall inflation rate stood at 5.47 percent in January, as against 5.66 percent in December. In urban areas, food inflation rose to 4.85 percent in January from 4.41 percent in December. On the other hand, the rate of inflation in non-food items in urban areas has come down from 7.07 percent to 6.17 percent.