Economic Reporter :
The general point to point inflation rate in June last eased to 5.52 percentage point down from 5.63 percentage point in May due to existence of strong supply side in the market.
“The general point to point inflation rate eased to 5.52 percentage point in June which was 5.63 percentage point in May last,” said Planning Minister MA Mannan on Tuesday while releasing the monthly consumer price index after the day’s ECNEC meeting held at the NEC Conference Room in the city’s Sher-e-Bangla Nagar area.
Asked about the declining trend of inflation, Mannan said “Although the inflation remains a bit high in the rainy season..but, the supply side of the economy is now much stronger than demand at the moment.”
He said the supply side of main agricultural produces like rice, onion is high in the market compared to the demand.
According to the data of the Bangladesh Bureau of Statistics (BBS), the point to point food inflation, slightly declined to 5.40 percent in June down from 5.49 percent in May.
