In August 2023, the general point-to-point inflation rate in Bangladesh rose to 9.92 percent, marking an increase from the 9.69 percent recorded in July 2023. This uptick was primarily attributed to a rise in food inflation. Data from the Bangladesh Bureau of Statistics (BBS) indicates that in June 2023, the general point-to-point inflation rate stood at 9.74 percent.
While food inflation saw an increase last month, non-food inflation experienced a decline during this period. Specifically, food inflation climbed to 12.54 percent in August, up from 9.76 percent in July. Conversely, the non-food inflation rate dropped to 7.95 percent in August, down from 9.47 percent in July.
Both urban and rural areas also witnessed an increase in the general point-to-point inflation rate. In August, rural areas recorded a rate of 9.98 percent, compared to 9.75 percent in July. Similarly, urban areas saw an inflation rate of 9.63 percent in August, up from 9.43 percent in July.
The annual average inflation rate from September 2022 to August 2023 stood at 9.24 percent. Additionally, the wage rate index in August showed a slight uptrend, reaching 7.58 percent, as compared to 7.52 percent in July.
