Food inflation soared to 12.66% in October, from 10.40% in September, pushing up general inflation as well. The overall inflation rose to 10.87% in October, from 9.92% in September, according to the latest data from the Bangladesh Bureau of Statistics (BBS) published today (7 November).

However, non-food inflation eased slightly, declining to 9.34% from 9.50% in September.

Dr Zaid Bakht, former research director of Bangladesh Institute of Development Studies (BIDS), told The Business Standard, “Inflation is influenced by both demand and supply factors. While the government can manage demand, supply is harder to control, which has led to a rise in inflation.”

To boost supply in the economy, Dr Bakht suggested increasing imports by reducing tariffs and enhancing the supply chain infrastructure to better control food price inflation.

Source: TBS