Bangladesh's inflation rate reached 9.89% in May, driven by rising food prices; central bank revised inflation projection for 2023-24 from 6% to 7.5%.
Bangladesh's inflation rate reached 9.89% in May, driven by rising food prices, according to the Bangladesh Bureau of Statistics. Food inflation increased from 10.22% in April to 10.76% in May, while non-food items' inflation eased slightly to 9.19% in May. Due to persistently high consumer prices, the central bank of Bangladesh has revised its inflation projection for the current fiscal year (2023-24) from 6% to 7.5%.
June 03, 2024
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