BigstockAs per BBS data, the 5.64% inflation recorded in June this year is the highest in the last eight monthsThe average inflation exceeded 0.16 percentage points above the government’s target of 5.4%. According to the Bangladesh Bureau of Statistics (BBS) data, the average inflation currently stands at 5.56%, Mohiuddin Ahmed, deputy director of BBS under the Ministry of Planning, told Dhaka Tribune. As per BBS data, the 5.64% inflation recorded in June this year is the highest in the last eight months. Earlier in 2019-20 FY, the average inflation was 5.65%. Also read - Budget FY22: Inflation target set at 5.3%According to the financial website Investopedia, too much inflation is generally considered as bad for an economy, while too little inflation is also considered harmful.

Source: Dhaka Tribune July 19, 2021 13:41 UTC