October 17, 2019 / 4:58 AM / a month ago

UPDATE 1-Bangladesh inflation accelerates in September to 5.54%

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DHAKA, Oct 17 (Reuters) - Bangladesh’s annual inflation accelerated in September, fuelled by soaring prices of both food and non-food items, the statistics office said on Thursday.

Consumer prices in September rose 5.54% from a year earlier, accelerating from a rise of 5.49% in the previous month.

Food prices in September were 5.3% higher than a year earlier, and higher than 5.27% in August, as prices of onions, garlic, ginger, fish, vegetables and other items rose.

The non-food inflation rate in September picked up to 5.92% from 5.82% the previous month.

The government aims to contain inflation to 5.5% in the financial year that will end in June 2020.

The central bank has kept policy interest rates unchanged since April 2018. (Reporting by Ruma Paul; Editing by Christian Schmollinger)

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