One can laugh at the high cost of living in Dhaka, a polluted metropolis.
Demand-reducing measures are not policies that can reduce inflationary pressures.
Arrival of winter vegetables contributes to the decline
Fokinni Bazar, near Dhaka's Tejkunipara railway tracks, offers dignity through hyper-affordable groceries. Vendors salvage discarded goods to feed the underprivileged, fostering community and resilience despite risks from passing trains and economic struggles.
While traditionally, grocery shopping in Bangladesh has involved haggling over individual items in local markets, these combo packages offer a convenient, budget-conscious alternative that aligns well with the financial realities of many families today. But what do customers think?
Bangladesh’s inflation continued to ease for the second consecutive month in September as prices of both food and non-food items cooled off, according to the statistics bureau.
It is safe to say that the word "saving" is the same as asking us to do sit-ups every other minute. Yes, you do come across an offer that you end up believing is the deal of the century. The rush of adding an item to your shopping cart feels almost irresistible, but some brave souls have chosen a more radical approach: a 'No Buy' year.
It is essential to recognise that significantly reducing inflation will take time. Treating it as a “quick fix” would be a mistake.
It fails to commit to reforms and address people’s sufferings
British American Tobacco Bangladesh (BATB) saw a drop in its profits and sales in the January-March period of 2024, reasoning that people had cut back on smoking cigarettes amidst high inflationary pressure.
According to the Bangladesh Bureau of Statistics (BBS), food inflation jumped 35 basis points to 10.22 percent last month from 9.87 percent in March. This was the first time in five months that food inflation hit double digits.
Prime Minister Sheikh Hasina yesterday directed the finance ministry to formulate a contractionary budget for the upcoming fiscal year to control inflation.
Inflation in Bangladesh fell seven basis points to 9.74 percent in April from a month ago on the back of declining prices of non-food items.
Why this behind-the-curve approach to fighting inflation?
