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Bangladesh's point-to-point inflation dips to 6.12% in November
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20:55, December 23, 2008

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Bangladesh's point-to-point inflation dipped to 6.12 percent in November mainly because of falling commodity prices in local and foreign markets, official statistics showed.

According to the data of the Bangladesh Bureau of Statistics (BBS) released on Tuesday, the food inflation was recorded at 6.68 percent in November, down by 1.2 percent from that in October.

The non-food inflation also dropped by 0.7 percent to 5.25 percent in November compared to that in October, it showed.

Executive Director of the Center for Policy Dialogue (CPD), a leading local think tank, Mustafizur Rahman told Xinhua, "Point-to-point inflation continued dipped in November as prices of commodities plummeted to some extent in both local and international market over the last few months."

Bangladesh's inflation rate on a point-to-point basis reached 11.21 percent in November 2007, the highest in 17 years.

According to the BBS, the inflation rate has seen a decline over the last few months. The inflation rate was 10.19 percent in September and it declined to 7.26 percent in October.

The downward trend in inflation will be a big relief for the country's economy, Rahman said. He predicted point-to-point inflation rate will also fall in December.

Source: Xinhua

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