Government must address the rising food prices immediately
According to the Bangladesh Bureau of Statistics (BBS), food inflation jumped 35 basis points to 10.22 percent last month from 9.87 percent in March. This was the first time in five months that food inflation hit double digits.
Inflation in Bangladesh fell seven basis points to 9.74 percent in April from a month ago on the back of declining prices of non-food items.
Inflationary pressure may push some “vulnerable” households below the poverty line.
To many, especially salaried and fixed-income individuals, this means they will have no option but to find ways to cut expenditures to bear increased electricity bills.
The vicious cycle of taking loans to pay bills and then taking another loan to pay off the first loan may continue throughout their lives, with little or no real improvement in their living standards.
Consumers hardly feel any sympathy for the downsizing that they have to experience due to price hikes. And all we get is haughtiness all around.
The overall inflation in Bangladesh slid 19 basis points to 9.67 percent in February thanks to a fall in the prices of both food and non-food items, according to sources at the planning ministry.
Inflation slides 19 basis points to 9.67℅
Why should there be two different food standards for two social strata?
Among four South Asian nations, Sri Lanka performed the best in containing high inflation.
It was 9.92% in Aug
The workers protesting for a minimum wage of Tk 25,000, but those in power are concocting ways to thwart this mission.
In recent years, Bangladesh has been grappling with a deepening chasm of inequality.
Economist Wahiduddin Mahmud says in meeting with Bangladesh Bank
The Asian Development Bank (ADB) has projected that Bangladesh's inflation will ease to 6.6 percent in the current fiscal year.
This mechanism of hiking prices is not new.
Clearly, the major economic challenges facing Bangladesh are results of inadequate and incorrect policies.
It was 9.76 percent in the previous month. The overall inflation increased by 23 basis points to 9.92 percent in August, according to the Bangladesh Bureau of Statistics (BBS).