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.