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Bangladesh inflation accelerate on food price surges

DHAKA : Bangladesh 's annual inflation rate soared to a near three-year high in April fired up by food prices, gover
Published May 24, 2011
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marketDHAKA: Bangladesh's annual inflation rate soared to a near three-year high in April fired up by food prices, government data showed on Tuesday.

Inflation accelerated to 10.67 percent in April, from 10.49 percent a month earlier, the highest since July 2008 when it had risen to 10.82 percent, the Bureau of Statistics said.

Food inflation in April hit 14.36 percent, compared with a 13.87 percent in March, as rice, wheat, sugar and edible oil spiked at the domestic markets driven by surges in global prices.

In contrast, non-food inflation eased to 3.97 percent in April from 4.32 percent in March.

Copyright Reuters, 2011

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Bangladesh inflation accelerate on food price surges

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