Coronavirus might have some impact on inflation
Says Planning Minister MA Mannan
UNB, Dhaka
Planning Minister MA Mannan yesterday said if novel coronavirus cannot be contained then it might have some impact on inflation in the coming months.
Corona (virus) is a global fear now and the global trade and commerce have already been affected to some extent due to the virus fallout. If its not contained, then there might be some impact, said the minister while briefing reporters revealing the monthly consumer price index after the days Eenec meeting held at the NEC conference room in the capital.
He said as the countrys manufacturing sector is dependent on raw material import, there will be price hike of these materials if the supply is hampered due to virus outbreak. Naturally, the price level will see a rise that cant be controlled.
The minister, however, said it is a matter of great hope that the shipment of goods from China has started.
He said the inflation rate in February, 2020 eased to 5.46 per cent against 5.57 per cent in January, 2020.
The Planning Minister said the inflation rate declined by 0.11 per cent last month mainly because of the availability of vegetables and fish. The supply flow was good, he said.
The Bangladesh Bureau of Statistics (BBS) data showed that the food inflation declined to 4.97 per cent in February from 5.12 per cent in the previous month, while the non-food inflation rate also declined slightly to 6.23 per cent last month from 6.30 per cent in January.
In rural areas, the general inflation rate declined to 5.44 per cent in the last month from 5.52 per cent in January.
The general inflation rate also came down to 5.48 per cent in February from 5.67 per cent in January in the urban areas.
The point-to-point national wage index was 6.51 per cent in February against 6.56 per cent in January 2020.
