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Inflation continues on upward trend

  • Published at 12:12 pm July 11th, 2017
Inflation continues on upward trend
The inflation rate continued to increase in the last quarter of the recently past fiscal year, Planning Minister AHM Mustafa Kamal said during a National Economic Council conference on Tuesday. Presenting the data at the conference, the planning minister said the inflation rate was 5.72% in the April-June quarter of the 2016-17 fiscal year, higher than the 5.28% inflation in the January-February quarter. The rate was 5.53% during the same quarter in 2015-16 fiscal year, he added. In rural areas, the overall inflation rate increased to 5.49% on point-to-point basis from the previous quarter's 5.08%. In urban areas, the overall rate increased to 6.16% from 5.65%.
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The food inflation increased to 7.27% from 6.75%, while the inflation of non-food items rose to 3.47% from 3.12% on point-to-point basis. The prices of local food items such as rice, beef, mutton, vegetable, green chilli, soybean oil, tea and milk have increased, Kamal said. Prices of non-food items such as fabrics, fuel, electricity, house rent and household goods have risen as well. The costs of medical services, educational services and transportation services have also increased.
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