CPD’s suggestion can mitigate the effects of inflation on poor households
Their exhausting wait for subsidised essentials is quite telling
The Consumer Price Index grew by an average of 9.73 percent in the first 11 months of the current financial year, which was 8.64 percent during the identical period a year prior, data from the Bangladesh Bureau of Statistics showed.
Inflation, fuelled by higher food prices, climbed 15 basis points to 9.89 percent in May from 9.74 percent a month earlier, figures from Bangladesh Bureau of Statistics showed yesterday.
The national budget of FY2024-25 is set to be announced at a time when Bangladesh’s economy is going through a difficult phase.
Why does macroeconomic instability continue to plague Bangladesh even after partnering with the IMF?
Amid persistently higher inflation in Bangladesh for more than a year, the low- and middle-income groups are struggling to meet their daily expenses.
The reason for continued high consumer prices in the country despite prices dropping in the international market is a combination of policy and institutional failure.
On April 2, the World Bank forecast that inflation in Bangladesh might stay elevated at 9.6 percent in fiscal year (FY) 2023-24 before moderating to 8.6 percent in FY 2024-25.
CPD’s suggestion can mitigate the effects of inflation on poor households
Their exhausting wait for subsidised essentials is quite telling
The Consumer Price Index grew by an average of 9.73 percent in the first 11 months of the current financial year, which was 8.64 percent during the identical period a year prior, data from the Bangladesh Bureau of Statistics showed.
Inflation, fuelled by higher food prices, climbed 15 basis points to 9.89 percent in May from 9.74 percent a month earlier, figures from Bangladesh Bureau of Statistics showed yesterday.
The national budget of FY2024-25 is set to be announced at a time when Bangladesh’s economy is going through a difficult phase.
Why does macroeconomic instability continue to plague Bangladesh even after partnering with the IMF?
Amid persistently higher inflation in Bangladesh for more than a year, the low- and middle-income groups are struggling to meet their daily expenses.
The reason for continued high consumer prices in the country despite prices dropping in the international market is a combination of policy and institutional failure.
On April 2, the World Bank forecast that inflation in Bangladesh might stay elevated at 9.6 percent in fiscal year (FY) 2023-24 before moderating to 8.6 percent in FY 2024-25.
Even rate hikes cant tame a raging inflation, so what is the solution ?
