The International Monetary Fund (IMF) has forecast the headline consumer price index (CPI) inflation in Bangladesh to rise to 5.9 per cent in FY22, driven by higher international commodity prices. According to the latest Bangladesh Bureau of Statistics data, CPI inflation in January stood at 5.86 percent, up from 6.05 per cent in December. Despite the government's aim of keeping the inflation rate within 5.30 per cent in FY22, consumer prices have been on the rise since August 2021. But Bangladesh has earned praise from the IMF for its 'quick' and 'decisive' response to the fallout from the COVID-19 pandemic. The CA deficit is projected to widen to 2.4 percent of GDP in FY22 as imports rebound and remittances moderate.

Source: bd News24 March 04, 2022 08:44 UTC