Inflation edged up in March after marginally easing in the previous month, showing no signs of respite to consumers already hurt by the consistent erosion of buying capacity due to elevated prices.
Uncontrolled inflationary pressure is one of the most problematic phenomena in the country.
Competition law is not an end in itself and to use it, we need to have a good understanding of how markets work.
The overall inflation in Bangladesh slid 19 basis points to 9.67 percent in February thanks to a fall in the prices of both food and non-food items, according to sources at the planning ministry.
Inflation slides 19 basis points to 9.67℅
The World Bank has recommended Bangladesh put in place a unified exchange rate and tighten monetary policy further in order to tame persistently high inflationary pressure and end the foreign exchange crisis.
Bangladesh's annual average inflation crept up to 9.59% last month, way above the central bank's revised target of 7.5% for the financial year ending in June
The spike in inflation from 9.41 percent in December to 9.86 percent in January was driven entirely by the rise in non-food inflation.
Commodity prices continue rising as government measures remain ineffective
It will be difficult to significantly reduce inflation this year as further currency devaluation and rationalisation of subsidies are necessary, said Atiur Rahman, a former governor of Bangladesh Bank, yesterday.
People really are struggling beyond any comprehension to get by—at least for you and me.
PM's call to ministers is a timely one
On their first day at office, the finance minister and state minister for commerce yesterday told reporters in separate briefings that taming inflation is their priority.
Inflation eases in December
Inflation, which is the equivalent of a regressive tax on the poor, accentuates income inequality to make the situation worse.
Even rate hikes cant tame a raging inflation, so what is the solution ?
Most South Asian countries succeeded in reining inflation in 2023 in a major relief for their populations who struggled after prices spiralled owing to the shocks stemming from the lingering impacts of the coronavirus pandemic and the Russia-Ukraine war
The economy is facing certain challenges pertaining to inflation and it is of utmost importance to tame inflation at whatever costs necessary, especially food inflation
Food inflation slipped to 10.76 percent last month from 12.56 percent in October.