Inflation in Bangladesh drops in August

Inflation in Bangladesh drops in August

negative trends / Unsplash - Anne Nygard

By bno - Mumbai Office September 9, 2024

Inflation in Bangladesh for August came in at 10.49%, down 1.17% from July due to easing food inflation, the country’s state-owned news agency Bangladesh Sangbad Sangstha reported on September 8, citing data from the Bangladesh Bureau of Statistics.

The general point-to-point inflation rate in July 2024 was 11.66%, according to the latest data from the Bangladesh Bureau of Statistics. The data showed that food inflation declined to 11.36% in August 2024 from 14.10% in the previous month, while non-food inflation slightly increased to 9.74% last month from 9.68% in July 2024.

The general point-to-point inflation in both urban and rural areas also declined last month, Bangladesh Sangbad Sangstha reported. The point-to-point inflation in rural areas in August was 10.95%, down from 11.89% in July. In urban areas, the inflation rate for August was 10.01%, down from 11.27% in July.

The wage rate index in August showed an uptrend at 7.96%, up from 7.93% in July, according to the Bangladesh Bureau of Statistics data.

Related Content

IEA: Access to energy improving worldwide, driven by renewables

Protests in Bangladesh escalate, demanding president leave office

Bangladesh tribunal issues arrest warrant against ousted PM Sheikh Hasina

IEA: Access to energy improving worldwide, driven by renewables

Protests in Bangladesh escalate, demanding president leave office

Bangladesh tribunal issues arrest warrant against ousted PM Sheikh Hasina

#bangladesh #inflation #bno

Read in IntelliNews Pro

Get IntelliNews Pro

Related Content

IEA: Access to energy improving worldwide, driven by renewables

Protests in Bangladesh escalate, demanding president leave office

Bangladesh tribunal issues arrest warrant against ousted PM Sheikh Hasina

IEA: Access to energy improving worldwide, driven by renewables

Protests in Bangladesh escalate, demanding president leave office

Bangladesh tribunal issues arrest warrant against ousted PM Sheikh Hasina

Data

Turkey launches monetary easing cycle with 250bp rate cut

Regulator also narrows interest rate corridor.

Turkey hikes minimum wage by 30% in line with financial market demands

Increase compares to official inflation of towards 50%, unofficial inflation of towards 90%. Turks in usual fury.

Dollar hits new high in Tehran ahead of international holidays

Iran’s currency markets recorded another surge in the US dollar, which reached IRR 787,500 on the open market on December 24, setting a new record high.

Russia’s CBR keeps key rate at 21% under pressure

In a surprise decision CBR governor Elvia Nabiullina kept interest rates on hold at 21% as she comes under mounting pressure from Russian President Vladimir Putin and the oligarchs who accuse her of destroying the economy.

Polish industrial production disappoints in November as output falls 1.5% y/y

Seasonally adjusted, output expanded 1.1% y/y in November, following a gain of 3.9% y/y the preceding month, GUS data showed.

Turkey launches monetary easing cycle with 250bp rate cut

Turkey hikes minimum wage by 30% in line with financial market demands

Dollar hits new high in Tehran ahead of international holidays

Russia’s CBR keeps key rate at 21% under pressure

Polish industrial production disappoints in November as output falls 1.5% y/y

Dismiss

Chat with usLiveChat