Bangladesh’s real wage growth remained negative for the 41st consecutive month in June, even as the inflation rate eased to its lowest level in nearly three years, according to the latest data from the Bangladesh Bureau of Statistics (BBS).
Bangladesh’s average wage growth remained negative for the 41st consecutive month in June, even as the inflation rate eased to its lowest level in nearly three years, according to the latest data from the Bangladesh Bureau of Statistics (BBS)..Year-on-year, wage growth stood at 8.18 percen
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Three months ago, the policy rate was hiked for the last time by 50 basis points to 8.5%
Wage growth in Bangladesh fell slightly last month after climbing for 30 months since January 2022, according to official data.
Bangladesh’s worsening economic crisis has spun off a price shock with food inflation crossing 14 percent in July for the first time in 13 years.
Private investment as a percentage of Bangladesh’s gross domestic product (GDP) has been declining for the past three years due to low investor confidence amid global crises, a persisting US dollar crisis and high inflation.
Bangladesh ranks among the lowest in South Asia regarding the availability of fruits and vegetables, resulting in poor nutrition outcomes for its 170 million people..Avinash Kishore, a senior research fellow at the International Food Policy Research Institute (IFPRI), shared the findings a
Bangladeshis consume only 155 grammes of fruits and vegetables per day, far below the global recommendation of 400 grams, according to data from the Food and Agriculture Organization.
Accommodation costs in Bangladesh have risen further amid persistently high inflation during the April-June period this year, placing an additional burden on many of the country’s middle and lower-income people.
The recent unrest stemming from a student movement seeking reforms to the quota policy for government jobs boiled over into violence after the initially peaceful protest was allegedly attacked by an opposing party.
Bangladesh recently reached a milestone registering one crore Taxpayer Identification Numbers (TINs), yet nearly 59 percent of these individuals did not file tax returns in the just-concluded fiscal year of 2023-24.
The government has been overestimating its annual revenue collection targets and associated future expenditures over the past 11 years, according to a finance ministry document.
