Inflation in July was 11.66 percent, the highest in 12 years

by times news cr

2024-08-14 11:00:42

Nationwide movement demanding reform of quota system in government jobs, ‘Bangla Blockade’ program of students, curfew of former government etc. have affected inflation. Headline inflation rose nationally in July compared to May, the highest in 12 years.

Inflation on point-to-point basis during this period was 11.66 percent, which was 9.72 percent in June.

Inflation in food and non-food sectors in July was 14.10 percent and 9.68 percent respectively; Which was 10.42 and 9.15 percent respectively in the previous month.

Bangladesh Bureau of Statistics (BBS) released this information on inflation on Monday (August 12).

Earlier, headline inflation hit a record high of 9.94 percent in May, the highest rate in 11 years.

Incidentally, the anti-discrimination student movement of students gathered in last July to demand the reform of the quota system in government jobs. Later this movement turned into a struggle of students. The protesters announced a one-point demand for the fall of the government. As a result, Sheikh Hasina’s government fell with the participation of people from all walks of life.

In addition, a nationwide curfew was imposed for several days in July due to the agitation. This disrupts the supply chain of the product. Loss of business. At that time port and rail communication was also closed.

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