The general point-to-point inflation rate in Bangladesh rose in October, reaching 10.87 percent, up from 9.92 percent in September, 2024. It is for soaring prices of foods, especially the staple rice and vegetables.
According to the latest data from the Bangladesh Bureau of Statistics (BBS), the increase was driven by a rise in food inflation, which jumped to 12.66 percent from 10.40 percent.
October inflation was the highest in three months after overall consumer prices grew 9.92 percent in September, and 10.49 percent in August this year.
The BBS said food inflation hit 12.66 percent in October, up from 10.40 percent in September.
Non-food prices grew 9.34 percent in October, down from 9.5 percent a month ago, according to the BBS data.
Bangladesh has been grappling with persistent inflation for nearly two years.
Since March 2023, overall inflation has been above 9 percent, affecting low-income and fixed-income people in the country.
The general point-to-point inflation rate both in urban and rural areas also increased last month.
The point-to-point inflation in rural areas in October was 11.26 percent which was 10.15 percent in the previous month.
On the other hand, the point-to-point inflation rate in urban areas in October was 10.44 percent while it was 9.83 percent in September.
The wage rate index in October was 8.07 percent while it was 8.01 percent.
