Bangladesh's general point-to-point inflation drops to 9.74% in June
05 Jul 23 1 min read
Insights
- Bangladesh's monthly inflation rate fell slightly by 0.2 percentage points to 9.74 per cent in June from May's 9.94 per cent—the highest in a decade.
- Non-food inflation hit 9.6 per cent during June, down from 9.96 per cent in the previous year.
- The new monetary policy effective from July 1 hiked key policy rates to make loan costlier to tame runaway inflation.
May’s figure was the highest in a decade.
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Non-food inflation hit 9.6 per cent during the month, down from 9.96 per cent in the previous, acoding to media reports in the country.
The new monetary policy effective from July 1 hiked key policy rates to make loan costlier to tame runaway inflation.
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The Bangladesh Bank earlier explained why its previous policy stance failed to stop rising inflation. "The lack of a competitive environment, along with market syndication, could have also contributed to the current CPI inflation," it had said.
Fibre2Fashion News Desk (DS)
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