Business

Inflation eases slightly to 8.29% in August

Food price inflation
Bangladesh Bank's current strategy to combat inflation by reducing demand may not help after all. FILE PHOTO: RAJIB RAIHAN

Inflation in August eased slightly to 8.29 percent, down from 8.55 percent in July, according to the latest data from the Bangladesh Bureau of Statistics (BBS).

The decline was mainly driven by a notable fall in non-food inflation, even as food prices continued to rise.

Food inflation, a persistent concern for low-income households, inched up to 7.60 percent in August from 7.56 percent in July.

On the other hand, non-food inflation declined sharply, dropping to 8.90 percent in August from 9.38 percent a month earlier.

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