Although stubborn inflationary pressures have worsened the situation of poor people in recent years, public food distribution under various social protection schemes fell by more than 7 percent year-on-year in the first three quarters of the current fiscal year, driven by political instability and dysfunctional local governance.
For several months, food inflation had also remained in double digits
As inflation greets Bangladeshis at breakfast time, even the humble paratha becomes a symbol of struggle. Once hearty and filling, it now arrives thinner and lighter -- a daily reminder of the unending calculations between hunger and affordability.
The central bank should strengthen its communication strategy to clarify policy decisions and their expected effects on inflation.
In the bustling area of Mirpur-10 in the capital, over 300 people gathered early Monday morning, hoping to buy subsidised essentialsthat serve as a lifeline for low-income families.
High production and transportation costs, limited bargaining power due to market structure inefficiency, seasonal supply, price fluctuations and limited market access for producers are triggering food inflation, according to a study by the Dhaka Chamber of Commerce and Industry (DCCI).
Experts say raising policy rate would have little impact on lowering food prices
Most vulnerable households have had to resort to various coping strategies to deal with food insecurity, with about seven in every 10 selling assets to make do.
Inflation declined to 10.49 percent in August from 11.66 percent in July, according to data released today by the Bangladesh Bureau of Statistics
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
Inflation in Bangladesh fell slightly in July although it still maintained a higher rate, figures released by the Bangladesh Bureau of Statistics showed today.
Inflation surged to an eight-year high of 7.42 per cent in May, driven by a hike in food costs, underscoring the plight a majority of the population in Bangladesh is currently experiencing, official figures showed yesterday.
The government must leave breathing space for citizens struggling with high food prices
Inflation in Bangladesh rocketed to a 17-month high in March driven by higher food costs as global uncertainties stemming from the Russia-Ukraine war and supply chain disruptions show no sign of abating, official figures showed yesterday.
The inflation edges up due to price hike of food and nonfood items in November this fiscal year.
