Consumer prices in Bangladesh appeared to stabilise towards the end of 2023 but the trend did not continue into the new year. Headline inflation rose to 9.86 percent in January, up by 1.29 percentage points year-on-year, according to the latest data published by the Bangladesh Bureau of Statistics (BBS). After surging to 9.93 percent in October last year, inflation slowed to 9.49 percent and 9.41 percent in November and December. Amid soaring prices, general inflation hit an 11-year high of 9.94 percent in May 2023, and continued to be a headache for policymakers. The central bank has since adopted various measures to tighten the supply of money in a bid to reign in inflation.

Source: bd News24 February 16, 2024 07:50 UTC