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Amid unrest, Bangladesh's inflation hits 12-year high at 11.66 pc
Updated On: 13 August, 2024 05:51 PM IST | Dhaka | mid-day online correspondent
Massive protests erupted around the country, led by the Anti-Discrimination Student Movement, which sought improvements to the government job quota system. The government`s brutal crackdown on dissent prompted protesters to seek the resignation of Prime Minister Sheikh Hasina.
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People gather in Dhaka, Bangladesh, on August 5, the day Chief of Army Staff General Waker-Uz-Zaman announced Prime Minister Sheikh Hasina had resigned after weeks of unrest. Pic/PTI
Bangladesh`s inflation rate surged to a 12-year high of 11.66 per cent in July, driven by widespread student protests against a controversial job quota system, according to the Bangladesh Bureau of Statistics. This marks a sharp increase from the 9.72 per cent recorded in June.
According to data released on Monday, food inflation in July reached a record 14.10 per cent, while non-food inflation was 9.68 per cent. In June, the figures were 10.42 per cent and 9.15 per cent, respectively. The previous peak inflation rate was 9.94 per cent in May, reported PTI.
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