Inflation hit a four-month-high of 11.38 percent in November, despite the tightening monetary policy and easing of import tax on essential items.
Inflation rises to 10.87 percent in October from 9.92 percent in September
Bangladesh’s inflation continued to ease for the second consecutive month in September as prices of both food and non-food items cooled off, according to the statistics bureau.
The annual average price spike in Bangladesh surged to its highest level in 12 years in the just-concluded fiscal year despite easing in June, reflecting the persistent erosion of real income and the deterioration of the living standards of low-income groups.
Bangladesh Bureau of Statistics releases data today
Uncontrolled inflationary pressure is one of the most problematic phenomena in the country.
The lack of coherence between the fiscal and monetary policy stances will make the monetary policy less effective in controlling inflation.
In the face of a soaring cost of living, many low and middle-income people in Bangladesh have either ditched branded products or switched to smaller packs, causing consumer goods producers and marketers to record a slowdown in sales in 2022.
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 hit a four-month-high of 11.38 percent in November, despite the tightening monetary policy and easing of import tax on essential items.
Inflation rises to 10.87 percent in October from 9.92 percent in September
Bangladesh’s inflation continued to ease for the second consecutive month in September as prices of both food and non-food items cooled off, according to the statistics bureau.
The annual average price spike in Bangladesh surged to its highest level in 12 years in the just-concluded fiscal year despite easing in June, reflecting the persistent erosion of real income and the deterioration of the living standards of low-income groups.
Bangladesh Bureau of Statistics releases data today
Uncontrolled inflationary pressure is one of the most problematic phenomena in the country.
The lack of coherence between the fiscal and monetary policy stances will make the monetary policy less effective in controlling inflation.
In the face of a soaring cost of living, many low and middle-income people in Bangladesh have either ditched branded products or switched to smaller packs, causing consumer goods producers and marketers to record a slowdown in sales in 2022.
Inflation in Bangladesh fell slightly in July although it still maintained a higher rate, figures released by the Bangladesh Bureau of Statistics showed today.
