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[ 10:30 PM ] - Bill Williamson
Now 50 products to be considered to calculate inflation

Now 50 products to be considered to calculate inflation


Published on 2024-11-30 22:30:41 - Bill Williamson, WOPRAI
  Print publication without navigation

  • Currently, inflation in Bangladesh is calculated in line with United Nations guidelines, known as the Consumer Price Index (CPI). This method tracks price fluctuations for 749 goods and services, including 242 food items and 507 non-food items and services.

The article from TBS News discusses a significant change in how inflation is calculated in Bangladesh, where the number of products considered for the Consumer Price Index (CPI) has been expanded from 45 to 50. This adjustment was made to better reflect the current consumption patterns of the population. The Bangladesh Bureau of Statistics (BBS) has included new items like sanitary napkins, smartphones, and internet services, while removing items like betel leaf and lungi, which are less commonly used now. This update aims to provide a more accurate measure of inflation by incorporating modern consumption habits. The BBS also revised the weights of various items in the CPI basket to align with contemporary economic conditions. This recalibration is part of a broader effort to ensure that inflation statistics are relevant and useful for policy-making and economic analysis.

Read the Full tbsnews Article at:
[ https://www.tbsnews.net/economy/now-50-products-be-considered-calculate-inflation-1006691 ]
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