Bangladesh inflation eases to 8.29% in August, lowest in over three years

Bangladesh’s headline inflation has dropped to its lowest level in over three years in August after a brief upturn the previous month. Data released by the Bangladesh Bureau of Statistics (BBS) on Sunday showed that point-to-point inflation stood at 8.29 percent in August, compared with 10.49 percent in the same month last year. The August figure is the lowest in 37 months. Inflation was last lower in July 2022, when it stood at 7.48 percent. A point-to-point rate of 8.29 percent means that an item or service costing Tk 100 in August 2023 cost Tk 108.29 in August 2024. In July last year, overall inflation spiked to 11.66 percent amid the political turmoil that brought down the Awami League government....