The soaring food prices, coupled with falling real income, pose a serious challenge for the poor in terms of accessing adequate and nutritious food.
Inflation has become a worldwide phenomenon, not only specific to the developing world.
Mess residents’ struggle highlights vulnerability to high food prices
The average annual inflation in 2022 in Dhaka megacity was 11.08 per cent, a record high since 2011 with the middle-income group suffering most, said Consumers Association of Bangladesh (CAB) said today.
Inflation eased for the fourth consecutive month as it hit 8.71 per cent in December thanks to the steady prices of most of the food items.
LDCs are predominantly agricultural economies, but are also highly dependent on food imports.
Good governance is a must if we are to get out of this crisis