Food inflation dropped to 5.08 per cent in July from 5.45 per cent in June, according to the Bangladesh Bureau of Statistics.
However, the actual market picture and even commerce ministry figures on food prices contradict the BBS report.
On the last day of July, coarse rice was selling for Tk 40-45 per kg in Dhaka.
According to the Trading Corporation of Bangladesh (TCB), a commerce ministry wing responsible with market monitoring, the rate Tk40-45 in the same period last year.
TCB data showed the price of medium quality rice edged up by 13 per cent while premium rice increased by 14.29 per cent.
Soybean oil price has risen by more than 50 per cent to Tk 122 per litre, up from Tk 80 previously while palm oil increased by 58 per cent to Tk 105 per litre from Tk 65 a year ago.