Inflation inches up in June
Kayes Sohel

Inflation in Bangladesh has risen slightly in June after a marginal drop in May, government data shows.

The month-to-month inflation stood at 5.53% in June, according to Bangladesh Bureau of Statistics. It was 5.45% in previous month.

However, the annual (July-June) inflation was 5.92%, significantly down from 6.35% recorded in the same period a year earlier.

This is well below the central bank's annual forecast of 6.07% and the government's target of 6.2% for the last fiscal year.

“The government has fulfilled its fiscal inflation target well,” said Planning Minister AHM Mustafa Kamal while releasing the CPI (Consumer Price Index) on Tuesday.

Buoyant domestic food production and lower prices of oil in the international market made it possible, he added.

Food inflation moved up to 4.23% in June from May's 3.81% and non-food inflation increased to 7.5% from 7.92% during the period.

Also Read: Bangladesh inflation eases to 5.45% in May

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