Business Report :
Food inflation soared to 12.66% in October, from 10.40% in September, pushing up general inflation as well.
The overall inflation rose to 10.87% in October, from 9.92% in September, according to the latest data from the Bangladesh Bureau of Statistics (BBS) published on Thursday.
However, non-food inflation eased slightly, declining to 9.34% from 9.50% in September.
Dr Zaid Bakht, former research director of Bangladesh Institute of Development Studies (BIDS), told The Business Standard, “Inflation is influenced by both demand and supply factors. While the government can keep demand within a normal range, but it has limited control over supply, which has led to a rise in inflation.”
