Bangladesh Bank: inflation target ‘may prove challenging’

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The Bangladesh Bank believes it will be "challenging" to bring inflation down in time to hit its 7% target for the 2014 fiscal year, as food inflation continues to climb and consumer demand looks set to recover at the conclusion of a series of nationwide strikes.

Annual CPI inflation increased from 7% to 7.5% between July and December in Bangladesh, although this figure only paints part of the picture. Non-food inflation actually fell from 7.4% to 4.9% during the period, while food inflation

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