July inflation hits 12-year high at 11.66%

Livelihood and consumption behaviour changed

Monthly inflation surged to a 12-year high of 11.66 per cent in July, which is a significant increase from June 9.72 per cent.
According to data released by the Bangladesh Bureau of Statistics (BBS), the inflation was mainly driven by the food item price. Food inflation reached a record high of 14.10 per cent in July, while non-food inflation stood at 9.68 per cent. In comparison, these figures were 10.42 per cent and 9.15 per cent respectively in June.
The previous peak for inflation was 9.94 per cent in May.
The general point-to-point inflation both in the urban and rural areas also increased last month.
In July, Bangladesh experienced significant civil unrest centring widespread protests. The quota system, which had long been a point of contention, was seen by many as unfair and in need of change to ensure a more merit-based approach to employment in the public sector.