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Bangladesh inflation rises to 6.36 percent in July

Xinhua, August 5, 2015 Adjust font size:

Bangladesh's inflation rate went up from June's 6.25 percent to 6.36 percent in July due to soaring non-food costs.

A senior Bangladesh Bureau of Statistics (BBS) official told Xinhua Wednesday that non-food inflation soared last month due to Eid-ul-Fitr, the end of the Muslim fasting month of Ramadan, which was celebrated here on July 18.

"Last month people spent more on non-food items than the food items as they prepared to celebrate Eid-ul-Fitr," said the BBS official who did not like to be named.

According to the BBS data, the country's food inflation went down 25 basis points to reach 6.07 percent in July while in the same month the non-food increased 65 basis points to 6.8 percent.

The central bank governor Atiur Rahman last week said Bangladesh Bank's Monetary Policy for the first half of the current 2015-2016 fiscal year (July 2015-June 2016) will focus on reducing money supply to control inflation.

The 2015-2016 fiscal year inflation target announced in the country's budget in June this year is 6.2 percent. Endi