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Bangladesh inflation cools in FY17
Finland inflation highest since Sep-2014

Bangladesh inflation cools in FY17

DHAKA: Bangladesh´s annual inflation eased to 5.44 percent in the financial year that ended in June, the planning minister said on Tuesday, as non-food prices rose at a slower pace but food prices climbed to a two-year high.

Food inflation in the financial year hit 6.01 percent, up from 4.9 percent in the previous year, Mustafa Kamal told a news conference. In contrast, non-food inflation eased to 4.61 percent from 7.43 percent.  Rising food prices pushed up annual inflation in the April-June quarter to 5.72 percent from 5.28 percent in January-March quarter. Food inflation has accelerated mainly due to a surge in the price of rice, the staple food for the population of 160 million. Higher prices of meat, edible oil, milk and other items also contributed. “Steps are being taken to contain rice prices,” Kamal said. The government has started to import rice for the first time since 2011 to combat record prices after flash floods in April hit domestic output amid dwindling state reserves.