10.42 percent inflation in June is high inflation, food inflation

In the last month of June, the overall price inflation decreased slightly to 9.72 percent. Earlier, inflation was 9.89 percent in May. At the same time, food inflation has decreased slightly, but it has been more than 10 percent for three months. Food price inflation was 10.42 percent in June.

On Sunday, Bangladesh Bureau of Statistics (BBS) released the updated inflation data. It found this picture of inflation.

According to BBS data, food inflation was 10.76 percent in May; In the previous month, April, it was also in double digits, at 10.22 percent.

Inflation of 9.72 percent means that a consumer has to spend 109 taka 72 paisa to buy the same products and services in June of this year, which were bought for 100 taka in June last year. That is, the cost of living of people has increased in this one year. Low and fixed income people suffer the most when inflation rises. They have to struggle to run their families.

Non-food inflation eased slightly to 9.15 percent in June. According to BBS calculations, this inflation was 9.19 percent in the previous month i.e. May.

Bangladesh has been experiencing high inflation for two years. Inflation has been over 9 percent throughout this period. The government has taken various steps to curb the inflation, but it has not helped. Rather, inflation remains high, occasionally fluctuating only slightly. Economists believe that high inflation is now one of the biggest challenges of the country's economy.

Analysts say inflation is a kind of tax; Inflation puts pressure on everyone, rich and poor. If the rate of inflation is higher than the increase in income, poor and middle class people will suffer to support their families. Due to this high inflation for two years, people's purchasing power has decreased. It affects people's lives.

Many analysts believe that actual inflation is higher than the BBS data.