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Dhaka Tribune

August inflation data released after a month and a half

Inflation in August was the highest in 12 years

Update : 11 Oct 2022, 07:35 PM

Bangladesh Bureau of Statistics (BBS) has released the inflation data for the month of August after one and a half months.

On the same day, the inflation data for September was also released.

On Tuesday, Planning Minister MA Mannan disclosed the numbers to the media citing BBS after an Executive Committee of the National Economic Council (Ecnec) meeting.

According to the official BBS data, inflation increased to 9.52% in August, the highest in the last 135 months. 

According to the published data, inflation rose to the highest level in 11 years and 3 months in August but eased slightly in September. 

At the end of last month, overall inflation in the country stood at 9.1%. 

Inflation has been above 9% for two consecutive months. Meanwhile, it was 7.48% in July.

While disclosing the BBS report on inflation of the past two months, Planning Minister MA Mannan said: “Due to the overall situation, inflation is increasing in the country. The prices of all products have increased in the international market. But now inflation is on the decline. It will decrease further.” 

BBS data analysis shows that, with the 1995-96 base year, general inflation jumped to 11.97% in September 2011. 

Subsequently, the base year was updated to 2005-06 as 11.97% was the highest in the past 20 years.

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