Rises to over 11% for second time this year 

The government plans to bring down inflation to 4-5 percent, Bangladesh Bank (BB) Governor Ahsan H Mansur said yesterday.

The central bank should strengthen its communication strategy to clarify policy decisions and their expected effects on inflation.

The government must recognise that when push comes to shove, the conditions of existence precede any abstract promises of progress or growth.

Considering the global market situation and measures taken domestically, inflation will decline, the BB governor told reporters

Inflation rises to 10.87 percent in October from 9.92 percent in September

There are 12 issues that policymakers should consider for short- and medium-term action on inflation.

The mass movement in July and August 2024 had not only resulted in the tragic death of hundreds and severe injuries to thousands, but also subdued economic activity.

The consumer price index stood at 9.92%, down from previous month's 10.49%

People are grappling with high inflation because of the fresh injection of Tk 60,000 crore into the market by Sheikh Hasina’s government, Prof Muhammad Yunus, chief adviser to the interim government, said yesterday.

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.

Despite the youth-driven upheaval, the key drivers of the economy remain very much intact and ready to take the economy to new heights.

Wage growth in Bangladesh fell slightly last month after climbing for 30 months since January 2022, according to official data.

It is the highest in at least a decade

Most listed multinational companies in Bangladesh witnessed lower profits in the April-June quarter this year as sales dropped due to the erosion of people’s purchasing power amid runaway inflation.

Although wage growth in Bangladesh has been slowly climbing since July 2021, it has remained below the inflation rate for the past two and a half years, government data shows.

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

Ongoing economic challenges will not make it easy to reduce inflation to 6.5 percent in the next fiscal year, said Atiur Rahman, the chairperson of Unnayan Shamannay

The higher inflation for one of the longest spells in recent decades has left many households in the low-middle-income country with little resources since food costs consist of a much higher share in their consumption basket