Bangladesh's overall inflation eased slightly to 8.27 per cent in October from 8.34 per cent in September, despite higher fuel and gas prices, while the wage growth rate also slowed to 7.63 per cent, according to the Bangladesh Bureau of Statistics (BBS).
Food inflation declined to 6.40 per cent in October from 7.22 per cent a month earlier, helped by increased supplies of winter vegetables. However, non-food inflation rose to 9.89 per cent from 9.30 per cent, reflecting higher costs of transport, housing, clothing and other services.
Despite the fall in annual inflation, monthly inflation accelerated to 1.82 per cent in October from 1.12 per cent in September, indicating continued price pressures.
The wage growth rate also declined across agriculture, industry and services, standing at 7.55 per cent, 7.62 per cent and 7.96 per cent respectively.
Economists warned that wage growth below the inflation rate was eroding people's purchasing power, particularly among low-income and fixed-income households.
Centre for Policy Dialogue (CPD) Distinguished Fellow Dr Fahmida Khatun said the slowdown in inflation was not providing meaningful relief to consumers as rising non-food costs continued to strain household budgets.
She called for stronger market monitoring and increased supply of essential commodities to ease price pressures.
-AH