Food inflation soared to 10.22% in April, hurting the poor and low-income people. overall inflation slightly decreased to 9.74% in April from 9.87% in March, according to the data released by the Bangladesh Bureau of Statistics (BBS) on Monday, non-food inflation, on the other hand, slid to 9.34%, down from 9.64% in March.
Overall, inflation has remained high for over a year, and despite the government’s efforts to curb it, there is no sign of decline.
At the rural level, the food inflation increased to 10.25 percent in April, up from 9.86 percent in the previous month, while the non-food inflation also increased to 9.60 percent in April as against 9.41 percent in March this year.
In urban areas, the food inflation also increased to 10.19 percent in April, up from 9.98 percent in March. The non-food inflation rate, however witnessed a slight declining trend with 9.01 percent in April which was 9.71 percent in March last.
The national wage index rate witnessed a 7.85 percent growth in April with 118.21 point against 7.80 percent growth with 118.00 point in March.
According to the monthly consumer price index released by the Bangladesh Bureau of Statistics (BBS), the general point to point inflation rate in March was 9.81 percent while it was 9.67 percent in February this year.
According to the data of the BBS, the point to point food inflation has slightly increased to 10.22 percent in April, 2024 which was 9.87 percent in March.
The data showed that the point to point non-food inflation rate declined slightly to 9.34 percent in April down from 9.64 percent in March. Besides, the general inflation rate at the urban level in April declined to 9.46 percent while it was 9.92 percent at the rural level.
The month-on-month food inflation dropped by 1.3 percent hitting 9.44 percent, and that of non-food inflation reduced by 1 percent hitting 9.33 percent respectively this month. General inflation in February was, however, 10 percent higher, and food inflation was 16 percent higher year-on-year.
