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
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.
The FY 2024-25 budget falls short of assessing the depth of the economically challenging time.
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.
Latest government plan is promising, but questions remain
Money and politics have become deeply intertwined over the last few decades
Triumphs in agricultural farming contrast with plight of farmers, consumers
The soaring food prices, coupled with falling real income, pose a serious challenge for the poor in terms of accessing adequate and nutritious food.
Inflation has become a worldwide phenomenon, not only specific to the developing world.
It was 9.92% in Aug
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.