The central bank should strengthen its communication strategy to clarify policy decisions and their expected effects on inflation.
The government must recognise that when push comes to shove, the conditions of existence precede any abstract promises of progress or growth.
Considering the global market situation and measures taken domestically, inflation will decline, the BB governor told reporters
Inflation rises to 10.87 percent in October from 9.92 percent in September
There are 12 issues that policymakers should consider for short- and medium-term action on inflation.
The mass movement in July and August 2024 had not only resulted in the tragic death of hundreds and severe injuries to thousands, but also subdued economic activity.
The consumer price index stood at 9.92%, down from previous month's 10.49%
People are grappling with high inflation because of the fresh injection of Tk 60,000 crore into the market by Sheikh Hasina’s government, Prof Muhammad Yunus, chief adviser to the interim government, said yesterday.
Inflation eased in August but remained at over 10 percent, as higher prices of goods and services continued to strain the purchasing power of consumers.
Bangladesh’s economy buckled, but it did not break. However, challenges remain.
Russia’s war in Ukraine might be taking place 5,800 kilometres away from Bangladesh and the country is not involved militarily in the dragging conflict in any way, but its economy and people have been paying heavy prices.
The current level of high inflation rate may persist throughout the ongoing fiscal year, according to a forecast of the Bangladesh Bank.
The volatility of commodity prices in both global and local markets has put ordinary people in Bangladesh in an uncertain situation.
The sudden rise in the price of sugar, a key ingredient for popular items such as biscuits, juices, sweets and candies, has pushed up the cost of production, putting manufacturers in a tight spot.
People’s purchasing power is a key indicator of a country’s economic well-being, which gets eroded by high inflation.
Inflation leads to the devaluation of a particular currency.
Friday’s unprecedented hike in fuel prices, hot on the heels of increased electricity, fertiliser and gas prices, served as yet another massive blow to the people who are already struggling to barely survive amid surging living costs.
Inflation is pinching our wallet. No matter how much you earn every month, the effect of high inflation is squeezing your purchasing power. People around the globe are now saving less than before, because it is becoming difficult for so many of us to just meet the necessary expenses; prices of gasoline, food, and housing are all soaring high. During this time of economic crisis, try becoming a smart shopper to mitigate the negative impact of inflation on your quality of life.
Inflation in Bangladesh fell slightly in July although it still maintained a higher rate, figures released by the Bangladesh Bureau of Statistics showed today.