Staff Reporter :
Fueled by the continued rising trend of food inflation, the general point-to-point inflation rate in the country slightly rose to 5.31 percentage point in February, up from 5.15 percentage point in January.
The general point-to-point inflation rate was 5.03 percentage point in December last year.
“The general point-to-point inflation rate slightly rose to 5.31 percentage point in February,” said Planning Minister AHM Mustafa Kamal on Tuesday while releasing the monthly consumer price index (CPI) after the Ecnec meeting.
The general point-to-point inflation rate in February last year was 5.62 percent.
General point-to-point inflation rate, that is the percentage change in the CPI during the last 12 months, in November last was 5.38 percent, in October was 5.57 percent, in September 5.53 percent, in August 5.37 percent, in July 5.40 percent, in May 5.45 percent, in April 5.61 percent, 5.65 percent in March and 5.62 percent in February.
According to data of the Bangladesh Bureau of Statistics (BBS), the point-to-point food inflation rose to 6.84 percentage point in February from 6.53 percentage point in January.
The Planning Minister said the inflation usually witnesses a rising trend in January and July and the inflation rate in the previous month slightly increased due to the price hike of beef and edible oil which have an impact on the inflation trend.
According to the BBS, the average general point-to-point inflation rate in the last fiscal year was 5.92 percent, which was 6.41 percent in fiscal year 2014-15, 7.35 percent in fiscal year 2013-14, 6.78 percent in fiscal year 2012-13.
