The central bank should strengthen its communication strategy to clarify policy decisions and their expected effects on inflation.
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
LDCs are predominantly agricultural economies, but are also highly dependent on food imports.
Good governance is a must if we are to get out of this crisis
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 surged to an eight-year high of 7.42 per cent in May, driven by a hike in food costs, underscoring the plight a majority of the population in Bangladesh is currently experiencing, official figures showed yesterday.
The government must leave breathing space for citizens struggling with high food prices
Inflation in Bangladesh rocketed to a 17-month high in March driven by higher food costs as global uncertainties stemming from the Russia-Ukraine war and supply chain disruptions show no sign of abating, official figures showed yesterday.
The inflation edges up due to price hike of food and nonfood items in November this fiscal year.
The rate of inflation in February last declines to 5.62 percent, the lowest in the last 41 months, thanks to the declining price trend of food and consumer goods alongside stable exchange rate.