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  • Food inflation declines by 0.19pc
    Food inflation declines by 0.19pc Frontier
    Frontier on Wednesday, February 5, 2014
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    National [802]
    Food inflation in January of the current year declined by 0.19 percent due to smooth supply chain of food across the country, according to the latest data released by the Bangladesh Bureau of Statistics today.

    The food inflation rate stands at 8.81 percent down from 9.00 percent in December last year.

    "Adequate stock and balanced supply chain of food commodities after the political unrest in the country has helped in pulling down the food prices," Golam Mostafa Kamal, BBS Director General, told the reporters while releasing the monthly Consumer Price Index (CPI) at a press conference at the BBS headquarters.

    The BBS director general, however, said the overall point-to- point inflation soared to 0.15 percent in January fuelled by the upward trend of non- food items.

    The general point-to-point inflation rate now stands at 7.50 percent, up from 7.35 percent in December last year.

    Besides, the non-food inflation rate increased to 5.53 percent in January this year rising from 4.88 percent in December last.

    " Country wide non-stop blockade and strike snatched the transportation of all kinds of commodities(whose impact is still
    remaining) which contributed to the rise of general and non-food
    inflation," Kamal added.

    The BBS director general hoped the inflation would take downward trend in the next months.

    The point-to-point inflation rate in January, 2013 was 6.62 percent.

    In the urban areas, the general point-to-point inflation rate was 7.98 percent in January this year which was 7.24 percent in the rural areas.

    The general inflation in the urban areas in December, 2013 was 7.58 percent while it was 7.22 percent in the rural areas.

    The food inflation declined in the rural areas in January compared to the previous month and it was 8.39 percent against 8.63 percent in December.

    The non-food inflation in the rural areas was, however, found increasing as it was 5.17 percent in January compared to 4.69 percent in December last year.

    In the urban areas, the food inflation rate declined slightly in January as it stood at 9.80 percent, down from 9.89 percent in December last year.

    The non-food inflation rate in urban areas, however,witnessed an uptrend in January as it stood at 6.04 percent up from 5.13 percent in December last year.

                               
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