The month-on-month inflation rate fell by the biggest margin in over a decade in August, largely owing to the improvements in the country's political as well as law and order situation following the ouster of Awami League (AL) government on August 5.

Prices dropped by 1.17% in August compared with July, according to a Bangladesh Bureau of Statistics (BBS) report published Sunday, with falling essential food prices making the biggest contribution.

In July prices hit 13-year high as supply chains were disrupted by students’ quota reform protests and growing public agitation against AL establishment’s dictatorial policies.

The BBS data showed that the overall inflation was 11.66% in July, and it went down 10.49% in August. The figure was 9.72% in June.

Food inflation came down to 11.36% in August, which was 14.10% in July.

On the other hand, non-food sector inflation picked up slightly. Inflation in this sector was 9.68% in July, which increased slightly to 9.74% in August.

BDST: 1841 HRS, SEP 8, 2024
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