Inflation eases to 6.19 pc in October
10 November 2015, Nirapad News: The general inflation rate slightly eased to 6.19 percent in October, down from 6.24 percent in September, mostly due to the downtrend in global commodity price, including fuel.
Planning Minister AHM Mustafa Kamal said this while releasing the monthly consumer price index after the Ecnec meeting held at the Planning Commission.
The general inflation rate in August was 6.17 percent.
Apart from downtrend in global prices, winter vegetables also started hitting the market helping check the inflation.
Mustafa Kamal also hoped that the inflation rate would come down in the coming months with the availability of more winter vegetables.
The average year-on-year rate of inflation from November 2014 to October 2015 stood at 6.21 percent, which was 7.18 percent from November 2013 to October 2014.
Apart from the general inflation rate, both the food and the non-food inflation rate posted a downtrend in October.
The food inflation at the national level stood at 5.89 percent in October, slightly down from 5.92 percent in September, while the non-food inflation decreased to 6.67 percent in October, which was 6.73 percent in September.
Besides, the general inflation rate in urban and rural areas slightly decreased in October. The general inflation rate at the urban level was 6.91 percent during the last month against 6.96 percentage point in September, while it was 5.82 percent in October against 5.86 percent in September in rural areas.
In urban areas, the food inflation came down to 7.44 percent in October, down from 7.47 percent in September. The non-food inflation rate also decreased to 6.33 percent in October against 6.37 percent in September.
In rural areas, the food inflation also declined to 5.23 percent in this October, down from 5.26 percent compared to the previous month, while the non-food inflation was 6.90 percent in October against 6.99 percent in September.
Besides, the national wage index rate witnessed a 7.11 percent growth in October with 131.70 index, which was 7.20 percent in September.