General point to point inflation reaches 9.93% in October

The general point-to-point inflation rate increased slightly in October as it reached 9.93 percent up from 9.63 percent in September, 2023 mainly due to the slight uptrend in both food and non-food inflation.

The general point-to-point inflation rate in August, 2023 was 9.92 percent, according to the latest data of the Bangladesh Bureau of Statistics (BBS).

The BBS data showed that the food inflation increased to 12.56 percent in October 2023 up from 12.37 percent in September, reports BSS

On the other hand, the non-food inflation rate also increased to 8.30 percent in October up from 7.82 percent in September.

The general point to point inflation rate both at the urban and rural level areas also increased last month.

The point to point inflation in the rural areas in October was 9.99 percent which was 9.75 percent in September.

On the other hand, the point to point inflation in the urban areas in October was 9.72 percent which was 9.24 percent in September.

The annual average inflation from November 2022 to October 2023 notched 9.37 percent.

The wage rate index in October witnessed an uptrend with 7.69 percent which was 7.64 percent in September.