The overall inflation in the country fell to 8.91 per cent in October, on a point-to-point basis, from 9.1 per cent in September, reports UNB.
Planning Minister MA Mannan revealed the information on Tuesday at a press conference after the meeting of the Executive Committee of the National Economic Council (ECNEC).
In reply to a question, the minister said, “As per Bangladesh Bank, foreign exchange reserves are close to $35 billion, no matter what the IMF said.”
Depreciation of taka should be considered positively as it helps to increase US dollar supply in the market, he continued.
In August, the overall inflation in the country rose to 9.5 per cent. This important and sensitive indicator of the economy was the highest in August in the last 12 years.
In fiscal 2010-11, the average inflation rate of the country was 10.92 per cent. After that, this index did not rise above 9 per cent, said Bangladesh Bank data.
Bd-pratidin English/Golam Rosul
