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
Why this behind-the-curve approach to fighting inflation?
More companies are downgrading their earning estimation in the face of various economic and geopolitical factors
The CPD in partnership with WEF concluded the survey on 71 executives
Inflation eased in December but remained at more than 9 percent for the 10th straight month
There are two key measures to understand how prices change over time: overall, or “headline,” inflation and “core” inflation.
The verdict so far is that the year will see slow GDP growth but also experience lower inflation.
To overcome the economic crisis, no doubt, the country needs strong economic leadership, backed by strong political will.
Money and politics have become deeply intertwined over the last few decades
Former BB governor Atiur Rahman terms the persisting inflation rate in Bangladesh as unacceptable
The pass-through of a sharp depreciation of the local currency accounted for half of the inflation surge seen in Bangladesh in the last financial year, according to the International Monetary Fund (IMF)
