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The Financial Express

Inflation drops slightly in December

| Updated: February 06, 2019 21:07:54


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Picture used for illustrative purpose only — Collected Picture used for illustrative purpose only — Collected

The point-to-point rate has dropped slightly in December to 5.35 per cent from 5.37 per cent in the previous month owing to the drop in food and non-food inflations.

"The general point-to-point inflation rate slightly eased to 5.35 per cent in December last," said Planning Minister MA Mannan on Tuesday while releasing the monthly consumer price index.

The new planning minister also said the implementation rate of the Annual Development Programme (ADP) during the first half FY19 (July 2018-Dec 2018) is higher than the corresponding period of the previous fiscal.  

In FY19 implementation rate was 27.45 per cent with an overall expenditure of Tk 496.45 billion while in FY18 it was 27.02 per cent with an overall expenditure of Tk 443.31 billion.

The minister also said the ADP implementation rate could have been even higher in the first half of the FY19 unless there was no bar to fund release during the last general election held on December 30.

Citing a Bangladesh Bureau of Statistics (BBS) data, a UNB report states that the food inflation declined to 5.28 per cent in December 2018 from 5.29 per cent in November 2018.

The non-food inflation rate also decreased slightly to 5.45 per cent in December 2018, which was 5.49 per cent in November 2018.

 

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