Inflation hit 9.05% in May
Citing media reports, she said the move is expected to increase public expenditure by nearly Tk 7,000 crore
Rising prices hurt the poor, forcing cuts to necessities and increasing poverty in Bangladesh.
The caution comes as consumer prices, despite easing in the last two months, have stayed over 9 percent for the 24th month in a row
Inflation declined to 9.32% from January's 9.94%
Bangladesh inflation soared (5.86 percent to 11.38 percent in 2022-2024), driven by global shocks and food prices.
In its latest report released today, the organisation projected inflation will stabilise between 8.5% and 9.5% by June but fall to 6-7% by December
Ministers and members of parliament of the previous government relentlessly blamed “syndicates” for increasing the prices of chicken, eggs and other foods.
Inflation in Bangladesh eased for the second consecutive month in January, driven by stable food prices due mainly to an abundant supply of winter vegetables to the local market.
It is unacceptable that the government has failed to deliver to Bangladeshi consumers the benefits of a fall in the prices of food items on the international market
High commodity prices in the global market are often used as an excuse to justify price hikes in the domestic market, even if there is no direct correlation
This did not happen by chance, but because of poor governance
Mohammad Firoz works at a garment accessories manufacturing company and earns Tk 29,000 per month.
Foreign banks operating in Bangladesh registered an 8.57 per cent growth in deposits in the October-December quarter of 2022, the highest since 2018, as many savers shifted their funds from local banks amid a confidence crisis.
Three issues would be dictating the upcoming fiscal year’s budget, the last of the Awami League government’s present five-year term: the International Monetary Fund’s conditions, the persistently high inflation and next year’s national election.
Inflation followed by greedflation followed by shrinkflation – is there no way out of this trap?
There has also been very little policy response to help out families at the bottom of the income ladder
With the soaring inflation rate in recent times, the importance of effective public food distribution cannot be emphasised enough.
The smartphone market in Bangladesh witnessed a double-digit decline for the first time in seven years in 2022 while the feature phone market grew slightly at the same time, according to the latest Market Monitor report by Counterpoint Research.
