Bangladesh inflation slowed for a second month in June, the Bangladesh Bureau of Statistics said.
Bangladesh’s inflation accelerated to 11.97 percent in September from 11.29 percent in August, Bangladesh Bureau of Statistics said in a statement today.
Bangladesh’s annual inflation rate slowed to 8.03 percent last month from 8.56 percent in June, Golam Mostafa Kamal, director general of Bangladesh Bureau of Statistics, said today.
Bangladesh’s inflation rose to 11.29 percent in August from 10.96 percent in July, Bangladesh Bureau of Statistics said in a statement today.
Bangladesh’s finance minister said economic growth will accelerate next fiscal year, signaling he expects the garment-export industry to weather safety concerns sparked by a factory collapse that killed over 1,000 workers.
Inflation in Bangladesh accelerated to the fastest pace in nearly 13 years on higher food costs, adding pressure on the central bank to raise interest rates.
Bangladesh plans to tax mobile-phone bills to help fund a subsidy program spanning fuel to food as it strives to prevent the nation’s fiscal deficit from widening past a four-year high.
Bangladesh plans to export rice to boost prices for producers, Finance Minister Abul Maal Abdul Muhith said.
Bangladesh’s central bank raised interest rates for the second time in four months to curb inflation that has exceeded 9 percent since the start of 2011.