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.
Bangladesh's high inflation is straining households financially and mentally. Financial stress disrupts mental balance, leading to burnout, impaired relationships, and physical symptoms. Coping strategies include exercise, budgeting, support systems, reframing thoughts, and fostering mental resilience.
Arrival of winter vegetables contributes to the decline
Inflation in the United States picked up in the late 1960s in the wake of the Vietnam War and spending on President Lyndon Johnson’s “Great Society” set of social programs
The WB said Bangladesh's economy is expected to grow by only 4 percent due to the uncertain impact of political protests and the ongoing transition in government
Unskilled workers wage grew 8.01% in September this year when inflation was 9.92%
The consumer price index stood at 9.92%, down from previous month's 10.49%
Most vulnerable households have had to resort to various coping strategies to deal with food insecurity, with about seven in every 10 selling assets to make do.
How did the elite and the politicians manage to evade the rule of law and siphon billions out of the country?
It is essential to recognise that significantly reducing inflation will take time. Treating it as a “quick fix” would be a mistake.
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.
Inflation declined to 10.49 percent in August from 11.66 percent in July, according to data released today by the Bangladesh Bureau of Statistics
Despite the youth-driven upheaval, the key drivers of the economy remain very much intact and ready to take the economy to new heights.
