Warnings from World Bank should be taken seriously
CPD’s emphasis on macroeconomic stability amid LDC graduation concerns
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.
While many other countries have managed to reduce inflationary pressure by adopting monetary policy tools, Bangladeshi policymakers have shied away from doing the same.
The cost-of-living crisis seems to have brought more woes for daily workers in Bangladesh than other groups of labourers as their average wage growth has been below the inflation rate for the past two fiscal years.
The measures taken in the proposed budget for the next fiscal year have failed to address the most difficult challenge of containing inflation, and as a result, the suffering of common people will increase further, the Centre for Policy Dialogue (CPD) said yesterday.
