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.
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)
The US Federal Reserve is widely expected to hold interest rates at a 22-year high for a third consecutive meeting on Wednesday as it continues to fight elevated inflation.
Food inflation slipped to 10.76 percent last month from 12.56 percent in October.
For any major crop, there are local and national profiteers, who make plans to maximise profits way before the crops land in the markets.
One key factor hampering the effectiveness of BB's policies is the delay in decision-making and significant transmission lags.
Will the wage board and our policymakers truly hear the stories of backbreaking work and heartbreaking debt of the garment workers, who have kept the economy going even at its worst phases?
WB Country Director Abdoulaye Seck says at AmCham meeting
Why should there be two different food standards for two social strata?
Among four South Asian nations, Sri Lanka performed the best in containing high inflation.
