Retail

Bangladesh's inflation rate falls to 9.67% in Feb from Jan's 9.86%

11 Mar '24

1 min read

Insights

Bangladesh's point-to-point inflation dropped to 9.67 per cent in February over January's 9.86 per cent, official provisional data show.
The non-food inflation rate was 9.33 per cent in the month compared to January's 9.42 per cent. Inflation rates have decreased in both rural and urban areas.
The wage growth rate in February rose marginally to 7.78 per cent.

Bangladesh’s point-to-point inflation dropped slightly to 9.67 per cent in February this year over January’s 9.86 per cent, according to provisional data released recently by the Bangladesh Bureau of Statistics (BBS).

The rate of non-food inflation was 9.33 per cent in the month compared to 9.42 per cent in January.

The wage growth rate in February rose marginally to 7.78 per cent, domestic media outlets reported.

The decline in food and non-food prices in the domestic market helped lessen the overall inflation rate to some extent. The overall inflation has been above 9 per cent since March 2023.

Inflation rates have decreased in both rural and urban areas. Urban inflation declined to 9.88 per cent in February from 9.99 per cent in January, while rural inflation dropped to 9.48 per cent from 9.7 per cent in the previous month.

Fibre2Fashion News Desk (DS)

More Retail News - Bangladesh...