Inflation dropped in rural areas in April from a month ago but went up in urban areas, data from the Bangladesh Bureau of Statistics (BBS) showed yesterday.

Inflation in Bangladesh fell slightly to 9.24 per cent in April, driven by a decline in food prices, although it still remains at an elevated level compared to historic trends, official figures showed yesterday.

Inflation fell to 9.24 per cent in April from a month earlier, data from the Bangladesh Bureau of Statistics showed today.

We have the chance to reshape the world we live in – economically, socially, and environmentally.

The Bangladesh Bank has decided to implement a market-based interest rate from July, moving away from the 9 per cent interest rate cap on loans, an initiative that may help the central bank uses its policy rates effectively in its fight against higher inflation.   

The demand for electric fans has increased significantly in Bangladesh as the scorching summer heat has become nigh unbearable in recent times.

Inflation in Bangladesh jumped to a seven-month high of 9.33 per cent in March as food prices rose and the adjustment of oil, gas, and electricity prices took hold, highlighting the pains low-income households are going through.

Inflation in Bangladesh climbed to 9.33 per cent in March, maintaining the escalated price level.

It is unacceptable that the government has failed to deliver to Bangladeshi consumers the benefits of a fall in the prices of food items on the international market

High commodity prices in the global market are often used as an excuse to justify price hikes in the domestic market, even if there is no direct correlation

This did not happen by chance, but because of poor governance

Mohammad Firoz works at a garment accessories manufacturing company and earns Tk 29,000 per month.  

Foreign banks operating in Bangladesh registered an 8.57 per cent growth in deposits in the October-December quarter of 2022, the highest since 2018, as many savers shifted their funds from local banks amid a confidence crisis. 

Three issues would be dictating the upcoming fiscal year’s budget, the last of the Awami League government’s present five-year term: the International Monetary Fund’s conditions, the persistently high inflation and next year’s national election.

Inflation followed by greedflation followed by shrinkflation – is there no way out of this trap?

There has also been very little policy response to help out families at the bottom of the income ladder

With the soaring inflation rate in recent times, the importance of effective public food distribution cannot be emphasised enough.

The smartphone market in Bangladesh witnessed a double-digit decline for the first time in seven years in 2022 while the feature phone market grew slightly at the same time, according to the latest Market Monitor report by Counterpoint Research.

The government has kept borrowing from the Bangladesh Bank as commercial banks can’t come up with much-needed funds owing to the liquidity crunch. 

Bangladesh is going through a period of economic slowdown and this weakening of the economy will be looming large for the entire period of 2023. The biggest problem for the common people now is inflation. It has increased the living cost and decreased the actual income.