Along with price hikes of chicken and fish, some vegetables also saw rising prices in the kitchen markets of the capital yesterday, adding to the never-ending burden on the pockets of low-income groups.
Onion price has increased by Tk 10 to Tk 15 per kilo in Dhaka's kitchen markets over the past two days
The price of chicken, a staple source of animal protein for many, has increased by Tk 40-50 per kg in a month, causing frustration to low-income families.
The prices of chicken, fish, and onion have gone up in Dhaka’s kitchen markets, putting the low-income people in a bind.
The ADB’s projection comes days after the Bangladesh Bureau of Statistics said economic growth in the October-December quarter of fiscal 2023-24 halved to 3.78 percent, the slowest pace in three quarters, as manufacturing output growth declined sharply owing to reduced domestic consumption.
Inflation edged up in March after marginally easing in the previous month, showing no signs of respite to consumers already hurt by the consistent erosion of buying capacity due to elevated prices.
Much to the frustration of people from low-income groups, the price of chicken, one of the most common sources of animal protein, has shot up by Tk 30 to Tk 40 per kg over the last couple of days in the capital’s kitchen markets.
Traders in city’s kitchen markets blame sudden rise in demand ahead of Eid
Police yesterday halted and charged truncheons on a procession of Ganatantra Mancha marching towards to the Secretariat to protest rising commodity prices, “looting of banks”, and money laundering.
Justice M Enayetur Rahim, a senior judge at the Appellate Division of the Supreme Court (SC), today instructed the media to make reports positively and carefully, saying that prices of products sometimes increase due to the role of media.
The government’s promise of containing the prices of essentials ahead of Ramadan seems to be only on paper as the prices of key items instead rose over the last month.
The industries ministry has backtracked on its decision to hike the price of sugar produced by state-run sugar mills.
The Bangladesh Poultry Association has blamed extortion on roads and syndicates for the recent price hike of eggs and chicken.
Though there is currently no supply crunch in the country, a section of unscrupulous importers and traders have already hiked the prices of essentials, creating an artificial crisis to make extra profits ahead of Ramadan, said a home ministry report.
Commerce minister, in parliament, says task force formed to regulate prices during Ramadan
Mohammad Shahid looked at the shopkeeper in Karwan Bazar in disbelief after hearing that a kg of onions was selling for Tk 120.
"We discussed the import of perishable items from India. We have discussed in detail so that we get 50,000 tonnes of onion and 1 lakh tonnes of sugar before Ramadan."
The National Board of Revenue yesterday cut customs tariffs on rice, sugar and dates and removed the value added tax on edible oil imports in an effort to help the government boost supply and contain prices of the four commodities during Ramadan next month.