Bangladesh's inflation spikes 12-year high to 11.66% in July amid protests

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Bangladesh's inflation spikes 12-year high to 11.66% in July amid protests - Business Standard

Quick Summary:

Bangladesh's inflation in July reached a 12-year high at 11.66 per cent as it faced turmoil due to the massive student protest over a controversial job quota system, according to the country's bureau of statistics.The inflation was 9.72 per cent in June, The Dhaka Tribune newspaper reported.

Data released by the Bangladesh Bureau of Statistics on Monday showed that food inflation in July registered a record high of 14.10 per cent and non-food inflation at 9.68 per cent.This was 10.42 per cent and 9.15 per cent respectively in June.

July was marked by country-wide protests by the Anti-Discrimination Student Movement that began demanding quota system reforms in government jobs.