Inflation in the country increased slightly in July compared to the previous month. On a point-to-point basis, the inflation rate stood at 8.55 percent. It was 8.48 percent in June.

The Bangladesh Bureau of Statistics (BBS) published updated inflation statistics on the organization's website on Thursday.

Inflation in the food index was 7.56 percent in July, compared to 7.39 percent in June. Inflation in the non-food index was 9.38 percent, compared to 9.37 percent in June.

The country has been experiencing high inflation for the past three years. The average inflation rate in the 2024-25 fiscal year was 10.03 percent.

A year ago, in July 2024, food inflation reached its highest level in 13 years at 14.10 percent. However, the interim government has taken various initiatives to control inflation. This is yielding some benefits.

Inflation control has become one of the main challenges of the economy for the last two-three years. After the interim government came to power, an attempt was made to control inflation by increasing interest rates. The National Bank of Bangladesh (NBRO) also reduced customs duties and taxes on several daily necessities including oil, potatoes, onions, and eggs. An attempt was made to keep the import flow of daily necessities in the market stable.