• Tuesday, Feb 19, 2019
  • Last Update : 11:12 am

Budget FY19: Govt hopes to keep inflation under 5.6%

  • Published at 03:18 pm June 7th, 2018
  • Last updated at 03:19 pm June 7th, 2018

Average inflation in this fiscal till April has been 5.8%

The government aims to keep inflation limited to 5.6% in the coming fiscal year 2018-19.

Finance Minister AMA Muhith presented a Tk4,64,573 crore budget in parliament on Thursday.

According to the budget proposal, average inflation till April in the current fiscal year has been 5.8%.

He warned however, that global commodity prices have increased in the first three months of 2018.

“After three years of stability, the prices of agricultural and metal products have been projected to increase by 2% and 9% respectively in 2018. Besides, there is an upward trend in the rate of inflation in the neighbouring countries including India and China,” he said.

“Despite the fact that there is a downward trend in food inflation due to increased agricultural production supported by efficient supply management, non-food inflation is ticking up under the influence of rising global commodity prices,” the minister said.

Food and non-food inflation in April 2018 were 7.3% and 3.5% respectively, according to the budget proposal.