Bangladesh's Inflation Eases to 8.27% in October

Overall inflation in Bangladesh fell to 8.27 per cent in October, down from 8.34 per cent in September, mainly due to a decline in food inflation.

The Bangladesh Bureau of Statistics (BBS) released the October inflation report on Monday, showing the latest figures.

According to the BBS data, food inflation declined to 6.80 per cent in October from 7.22 per cent in September. However, non-food inflation increased to 9.89 per cent from 9.30 per cent during the same period.

Meanwhile, the national average wage growth rate fell to 7.63 per cent in October from 7.90 per cent in September.

Inflation had remained above 9 per cent for three consecutive months before easing in July and August. It edged up slightly in September but declined again in October.

The fall in overall inflation is being viewed as a positive development for the economy. However, the continued rise in non-food inflation and the slowdown in wage growth remain concerns for household budgets and the cost of living.