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Commodity prices are rising: Suffering low and middle class people

Commodity prices are rising: Suffering low and middle class people
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The prices of essential commodities are skyrocketing. Prices of various products including rice, pulses and flour have been going up for three consecutive months. The income of lower and middle class people is limited, so they are suffering.

According to the Bangladesh Bureau of Statistics (BBS), the inflation rate rose to 5.56 percent in April. Which was 5.47 percent in the previous month. Inflation update was published on the BBS website on May 27, 2021.

According to BBS, prices of essential commodities have been rising since last February. The average inflation rate in that month was 5.32 percent. In the following month, in March, it has increased by 5.47 percent. On a point-to-point basis, it rose further to 5.56 percent in April.

According to the BBS, as the prices of food items including rice, pulses, flour, oil and liquid milk have gone up, so have the prices of non-food items.

Food inflation rose to 5.57 percent in April from 5.51 percent in the previous month. Inflation in non-food items rose to 5.55 percent in April from 5.39 percent in the previous month.

The BBS says inflation has risen in both rural and urban areas. Inflation in the city rose to 5.39 percent in April. In the previous month it was 5.31 percent. In addition, food inflation rose to 4.87 percent in April from 4.80 percent in the previous year. Non-food inflation rose to 5.96 percent from 5.87 percent in the previous month.

According to the latest BBS data published on the website, the average inflation in rural areas rose to 5.66 per cent in April from 5.55 per cent in the previous month. Besides, food inflation rose to 5.88 percent in April from 5.83 percent in March.

Source: Online/SZK

 

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