Our data shows economic pressures and polycrisis have been growing especially since Covid.
Among the 78 lakh people, 38 lakh have become extremely poor
Inflation refuses to budge. Part of the reason may be honest disclosure of what the data is saying.
Rises to over 11% for second time this year
Bangladesh's economy faces instability, inflation, and political unrest hindering growth.
Inflation rises to 10.87 percent in October from 9.92 percent in September
Persistent inflation driven by high commodity, energy prices and currency depreciation
Grocery shelves are not clearing as quickly for fast-moving consumer goods (FMCG), while many are switching to mini-packs of food and toiletries -- indicating that people are losing ground in their prolonged battle against inflation.
When Sheuly Akhter and her friend entered a branch of Star Kabab in Dhanmondi on Thursday last week, marking their return to the establishment for the first time in nearly four months, they were surprised by the lack of customers.
Inflationary pressure is being felt severely in the face of wage growth declines.
It is the highest in at least a decade
The problems are economic, social and political in nature.
Inflation, which erodes the purchasing power for consumers as well as businesses, happens in two ways.
The latest inflation rate is the highest at least since 1984
The annual average price spike in Bangladesh surged to its highest level in 12 years in the just-concluded fiscal year despite easing in June, reflecting the persistent erosion of real income and the deterioration of the living standards of low-income groups.
Bangladesh Bureau of Statistics releases data today
Finance Minister Abul Hassan Mahmood Ali yesterday expressed hope that the government would be able to curb high inflation on the back of budgetary measures and the central bank’s steps.
The proposed national budget for fiscal 2024-25 lacks concrete measures for addressing the current economic concerns, such as runaway inflation and depleting foreign exchange reserves, the Centre for Policy Dialogue (CPD) said yesterday.
The new budget for the upcoming fiscal year is unlikely to provide respite from one of the longest spells of sustained inflation in Bangladesh as the government’s measures appear to be missing the impetus required to contain the price spiral.
