Inflation in Bangladesh continued its downward trajectory in February, settling at 9.32%, a marginal decline from January’s 9.94%, according to the latest figures from the Bangladesh Bureau of Statistics (BBS) released on Thursday (6 March).
At the national level, general point-to-point inflation was recorded at 9.67% in February last year.
The drop in inflation last month was largely driven by a decline in food inflation, which fell to 9.24% from 10.72% in January—a decrease of 2.2 percentage points.
However, non-food inflation saw a slight increase, rising to 9.38% in February from 9.32% in the previous month.
In December, the overall inflation rate stood at 12.92%, following 13.8% in November.
This marks the second time in the past four months that inflation has returned to single digits, the last instance being in September 2023 when it was recorded at 9.92%.
In February, Finance Adviser Salehuddin Ahmed stated that it would take another two to three months for inflation to decrease as government measures take effect.
Acknowledging the economic strain caused by high inflation, he noted that several initiatives have already been implemented to stabilise prices, particularly ahead of Ramadan.
The government expects these measures to help bring average inflation down to 6%-7% by June. Meanwhile, BBS data indicates that monthly overall inflation has remained above 9% for over two and a half years.
