The ADB’s projection comes days after the Bangladesh Bureau of Statistics said economic growth in the October-December quarter of fiscal 2023-24 halved to 3.78 percent, the slowest pace in three quarters, as manufacturing output growth declined sharply owing to reduced domestic consumption.
Inflation edged up in March after marginally easing in the previous month, showing no signs of respite to consumers already hurt by the consistent erosion of buying capacity due to elevated prices.
Much to the frustration of people from low-income groups, the price of chicken, one of the most common sources of animal protein, has shot up by Tk 30 to Tk 40 per kg over the last couple of days in the capital’s kitchen markets.
Traders in city’s kitchen markets blame sudden rise in demand ahead of Eid
State Minister for Commerce Ahsanul Islam Titu said yesterday that the government will fix rice prices based on variety and seasonal production costs to combat price manipulation in domestic markets starting this Baishakh, the first month of the Bangla calendar.
Prices of beef, chicken and potatoes have increased in the capital’s kitchen markets over the last week and a half.
The prices of onions have come down in the country’s markets despite India’s indefinite ban on the export of the vegetable.
Setting the prices of produces would not rein in the spiralling prices of essentials, said Commerce Secretary Tapan Kanti Ghosh yesterday.
The High Court yesterday directed the authorities concerned to form a high-powered committee to investigate the unusual hikes in prices of all types of agricultural commodities, identify the persons responsible, and submit a report within a month.
It is peak harvest season, but the price of onion has soared by Tk 10 per kilogram at the capital’s kitchen markets over the last three days.
Prime Minister Sheikh Hasina today sounded a strong warning against hoarders and market manipulators
With Ramadan less than two months away, the prices of chickpeas, dried peas, dates, and soybean oil have increased in Dhaka and Chattogram.
The price of rice has not gone down in Dhaka’s kitchen markets despite government warnings of legal action against traders.
Rice traders and mill owners yesterday promised to reduce prices after Food Minister Sadhan Chandra Majumder said legal action would be taken against them if they do not cut rice prices within the next four days.
With the harvesting of Aman crops, the prices of BR-28, Paijam, Guti and aromatic rice were supposed to decrease. Instead, the rice prices have gone up by Tk 2-8 per kg in the last 10 days in Dhaka’s kitchen markets.
Sixteen traders were fined Tk 68,000 for selling onions at higher prices, storing, and not showing price list in the port city today
The prices of onion have shot up despite adequate supply, according to a Bangladesh Trade and Tariff Commission (BTTC) report -- laying bare the extent of market manipulation by a section of dishonest traders.
Onion prices did not come down despite raids by the authorities in different wholesale and retail markets across the country.