Staff Reporter :
Countries inflation has continued its downward trend in February at 9.32 percent, slightly lower than January’s 9.94 percent, according to the latest data from the Bangladesh Bureau of Statistics (BBS) released on Thursday.
The general point-to-point inflationat the national level was 9.67 percent in February last year.
In February this year, food inflation was 9.24 percent compared to 10.72 percent in the previous month, declining by 2.2 percentage points.
Talking to the New Nation, Md Ghulam Rahman, former president of the Consumers Association of Bangladesh (CAB), said the present situation is very difficult for us, however, the country’s inflation continuing downward trend is very a positive for signal.
Still people are gathering to the Open Market Sale (OMS) shops or trucks for buying their daily necessities which is not expectable.
The decrease in food inflation contributed to an overall reduction in general inflation.
However, non-food inflation stood at 9.38 in February, slightly higher than 9.32 percent in January.
The figure for general inflation stood at 12.92 percent in December and 13.8 percent in November.
This marks the second time in four months that inflation has returned to a single-digit rate.
The last time inflation below 10 percent was in September 2023, when it stood at 9.92percent.
Earlier on 4 February, Finance Adviser Salehuddin Ahmed said it would take another two to three months for inflation to decrease as government measures take into effect.
Acknowledging that high inflation is causing difficulties, he said several initiatives have already been implemented to address the issue.
The adviser also stated that further steps would be taken to stabilise the prices of essential commodities during Ramadan.
The government expects these measures will help bring average inflation down to 6 percent from 7 percent by June.
According to data from the Bangladesh Bureau of Statistics (BBS), monthly overall inflation has remained above 9 percent for over two and a half years.
To reduce the inflation was very big challenge to the interim government , it is very good sign for the county to continued downward trend of the inflation
