Inflation in the United States picked up in the late 1960s in the wake of the Vietnam War and spending on President Lyndon Johnson’s “Great Society” set of social programs

The WB said Bangladesh's economy is expected to grow by only 4 percent due to the uncertain impact of political protests and the ongoing transition in government

Unskilled workers wage grew 8.01% in September this year when inflation was 9.92%

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

Most vulnerable households have had to resort to various coping strategies to deal with food insecurity, with about seven in every 10 selling assets to make do.

How did the elite and the politicians manage to evade the rule of law and siphon billions out of the country?

It is essential to recognise that significantly reducing inflation will take time. Treating it as a “quick fix” would be a mistake.

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.

Inflation declined to 10.49 percent in August from 11.66 percent in July, according to data released today by the Bangladesh Bureau of Statistics

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

Bangladesh Bank Governor Ahsan H Mansur yesterday said it would be possible to lower the policy rates within about six months if inflationary pressure in the country is reduced to a tolerable level.

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.