Rising prices hurt the poor, forcing cuts to necessities and increasing poverty in Bangladesh.
“Steps taken by the government so far failed to bring down prices of essential commodities,” said CPD Executive Director Fahmida Khatun
Three advisers to the interim government of Bangladesh will meet today to discuss solutions for taming inflation, which remains high even though several initiatives have been implemented to this end.
Govt has been able to stabilise the market situation
There have been reports of increase in food prices in domestic markets during the post-election weeks
The timing of the visit, amidst labour unrest and pre-election volatility, is particularly significant.
Why have the price hikes not pushed regular citizens into action, fuelled by anger?
In his budget speech for FY2023-24 at the national parliament today, Kamal said inflation would be largely controlled from here on.
Even though poor people are struggling to make ends meet amid runaway inflation, the government allocation for social safety net programmes may not increase much in the next fiscal year.
Though inflation continued to undergo a downward trend for a third consecutive month in November, non-food inflation in rural areas entered into double digits last month for the first time in recent times.
Dealing with these two major challenges is essential for macroeconomic stability
Many economists today believe we are committing one of the biggest economic blunders, which has brought ruin to countless past societies.
Both global and local macro-challenges can have serious implications for the people of Bangladesh
The government must implement economic policies that deal with the ongoing crisis
Interventions must involve fiscal policy to address our fundamental economic issues
Interventions must involve fiscal policy to address our fundamental economic issues
Bangladesh’s current account balance sank further in the red in September, heaving the pressure on the exchange rate that is trading at record lows against the US dollar.
Acquiring the basic necessities was definitely easier in the past.
Some say that living in Dhaka is not easy and for those who have lived here for years, nothing is easy. In fact, living in this city makes it easier to tolerate any other inconvenience with a hair-flip. Someone spat inches away from your feet? Tolerate. It landed on you? Wipe and move on. The world might have a fancy word like noise pollution for needlessly honking cars but we know it for what it really is — soothing white noise that one could even fall asleep to. Which happens often, during the long respites the city graciously bestows on us to and from work every day without fail. We lovingly call them traffic jams.
