Inflation in Bangladesh has edged up again. Figures from the Bangladesh Bureau of Statistics put overall inflation at 8.34 per cent in September, against 8.26 per cent in August.
Food inflation stood at 7.22 per cent in September and non-food inflation at 9.30 per cent. The pressure on the overall index is therefore coming more from the non-food basket than from food.
Inflation had stayed above 9 per cent for three consecutive months before easing in July and August. The September reading interrupts that decline.
Food inflation sitting below the overall rate means that rice, vegetables and other food items have risen more slowly than a year earlier. Seasonal vegetable supply plays a part in that figure.
For farmers the number reads two ways. Lower food inflation is a relief for consumers, but if the cost of inputs, fertiliser, pesticide, fuel and labour, does not come down with it, the margin on the farm narrows.
The bureau publishes this consumer price index calculation every month, and it is the basis on which wage and price conditions are reviewed in government policymaking.
Source: Krishi Sangbad
Comments
(0)