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
To many, especially salaried and fixed-income individuals, this means they will have no option but to find ways to cut expenditures to bear increased electricity bills.
The vicious cycle of taking loans to pay bills and then taking another loan to pay off the first loan may continue throughout their lives, with little or no real improvement in their living standards.
Consumers hardly feel any sympathy for the downsizing that they have to experience due to price hikes. And all we get is haughtiness all around.
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℅
Bangladesh’s wealth inequality keeps getting wider
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
Hossain Zillur Rahman discusses the nuances of inflation in Bangladesh with The Daily Star.
Government should match its concern about inflation with action
Like the refuse of the fish, the working class is also a refuse of the capitalist economy.
