The current high level of inflation has already placed significant financial pressure on the common people, and increasing taxes in this context will create even more strain
People are switching to shampoo mini-packs from regular bottles, women are sacrificing their tiny luxuries of cosmetic puffs while households are embracing cheap but substandard detergents for laundry: this is exactly what happens when brutal price pressures push around 78 lakh people below the poverty line in just two years and stalk another 1 crore to do so.
Over the past two years, real income reductions due to ongoing inflationary pressure have pushed at least 78 lakh people into poverty, shows the study by the Research and Policy Integration for Development (RAPID).
Although the reforms have just started, some positive results are already visible.
Weak law and order, high interest rates on bank loans, and slow bureaucracy remain big concerns for entrepreneurs despite many steps taken by the government in its first 100 days, business leaders said yesterday.
Fatima Khatun, dressed in a washed-out kameez, came to Muslim Bazar in Mirpur 12 to shop with her four-year-old son on August 16.
British American Tobacco Bangladesh (BATB) saw a drop in its profits and sales in the January-March period of 2024, reasoning that people had cut back on smoking cigarettes amidst high inflationary pressure.
As many as 70 percent of the households in Bangladesh changed their food habits involuntarily to cope with the high prices, according to a survey by the South Asian Network on Economic Modelling (SANEM).
Inflation once again grazed double digits in October, advancing 30 basis points to 9.93 percent despite the government’s repeated assurances of measures to rein it in.
The current high level of inflation has already placed significant financial pressure on the common people, and increasing taxes in this context will create even more strain
People are switching to shampoo mini-packs from regular bottles, women are sacrificing their tiny luxuries of cosmetic puffs while households are embracing cheap but substandard detergents for laundry: this is exactly what happens when brutal price pressures push around 78 lakh people below the poverty line in just two years and stalk another 1 crore to do so.
Over the past two years, real income reductions due to ongoing inflationary pressure have pushed at least 78 lakh people into poverty, shows the study by the Research and Policy Integration for Development (RAPID).
Although the reforms have just started, some positive results are already visible.
Weak law and order, high interest rates on bank loans, and slow bureaucracy remain big concerns for entrepreneurs despite many steps taken by the government in its first 100 days, business leaders said yesterday.
Fatima Khatun, dressed in a washed-out kameez, came to Muslim Bazar in Mirpur 12 to shop with her four-year-old son on August 16.
British American Tobacco Bangladesh (BATB) saw a drop in its profits and sales in the January-March period of 2024, reasoning that people had cut back on smoking cigarettes amidst high inflationary pressure.
As many as 70 percent of the households in Bangladesh changed their food habits involuntarily to cope with the high prices, according to a survey by the South Asian Network on Economic Modelling (SANEM).
Inflation once again grazed double digits in October, advancing 30 basis points to 9.93 percent despite the government’s repeated assurances of measures to rein it in.
Finance Minister AHM Mustafa Kamal yesterday said that though he is worried about the elevated level of consumer prices, the situation is still under the government’s control.
