Mon, 06 Feb 2023

DHAKA, Dec. 5 (Xinhua) -- Bangladesh's inflation decreased to 8.85 percent in November from 8.91 percent in October.

Bangladeshi Planning Minister MA Mannan on Monday revealed the inflation data in November released by the Bangladesh Bureau of Statistics (BBS) at a press conference.

According to the Consumer Price Index (CPI) released by the BBS, the food inflation declined to 8.14 percent in November from 8.50 percent in the previous month.

Non-food items inflation, however, increased to 9.98 percent in November from 9.58 percent in October, the data showed.

The country's inflation drifted lower in November, October and September after surging to a more than 10-year high of 9.52 percent in August.

The minister expressed the hope that this trend of falling inflation will continue into the next month.

In June, the country unveiled a record nearly 7 trillion-taka (about 70 billion U.S. dollars) national budget for the 2022-2023 fiscal year starting in July and the government said it is committed to containing the rising trend of inflation by addressing inconsistencies between supply and demand.

According to the budget proposal, Bangladesh is targeting an average inflation rate of 5.6 percent in the new fiscal year.

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