Inflation once again grazed double digits in October, advancing 30 basis points to 9.93 percent despite the government’s repeated assurances of measures to rein it in.
The soaring food prices, coupled with falling real income, pose a serious challenge for the poor in terms of accessing adequate and nutritious food.
Food inflation in Bangladesh stayed above 12 percent for the second consecutive month in September as prices showed no signs of cooling down, hitting the pockets of the consumers who spend most of their incomes to feed their families.
The government should have figured out how to rein in food inflation by now.
Government must act as once-affordable staples are getting out of reach
Dr MM Akash, professor of economics at Dhaka University, explains what is driving the inflation up in Bangladesh.