Food inflation surged by 54 basis points to 10.76 percent in May from 10.22 percent in April, while non-food inflation slipped 15 basis points to 9.19 percent from 9.34 percent in April.
Meanwhile, overall inflation in Bangladesh rises to 9.89 percent in May from 9.74 percent in April which is the highest in the past seven months, said Bangladesh Bureau of Statistics (BBS) on June 3 (Monday).
In October last year, the inflation was yet higher at 9.93 percent.
Food inflation has been in the double digits in the last two months. In November last year, it was 10.76 percent, which dipped to below 10 percent in December.
In March, the actual food inflation in Bangladesh stood at 15 percent, contrasting sharply with the 9.87 percent figure reported by the BBS, said Binayak Sen, director general of the Bangladesh Institute of Development Studies (BIDS).
Initially, the government set the inflation target for the current fiscal 2023-24 at 6.5 percent, which was later revised upward to 7.5 percent.
On May 5, 2024, state minister for finance Waseqa Ayesha Khan said inflation would decrease to the government-set target of 7.5 percent by the end of the fiscal year voicing an optimistic outlook on the sensitive issue.
