The decline was mainly driven by a notable fall in non-food inflation
Rice prices remain a major concern for food inflation as well as overall inflation, according to a report by the General Economics Division (GED) of the Bangladesh Planning Commission.
The question remains whether this policy can rescue the economy from the doldrums and place it firmly on the path of vibrancy.
The slide in GDP growth is a complex interaction of a whole host of factors.
Inflation edged up in July on declining in the preceding three months, driven primarily by rising food prices, according to government data, renewing concerns over mounting pressure on consumers amid persistent supply side challenges.
Consumer prices eased to their lowest level in nearly three years in June, according to official data, offering tentative signs of economic stabilisation after months of monetary tightening by the central bank.
The Bangladesh Bank will consider slashing the policy rate to 7 percent by March, provided that rampant inflation, which has hovered above 9 percent for nearly two years, eases to 5 percent by then, Governor Ahsan H Mansur said yesterday.
Bangladesh inflation soared (5.86 percent to 11.38 percent in 2022-2024), driven by global shocks and food prices.
Govt must rein in inflation, adopt more business-friendly policies
The decline was mainly driven by a notable fall in non-food inflation
Rice prices remain a major concern for food inflation as well as overall inflation, according to a report by the General Economics Division (GED) of the Bangladesh Planning Commission.
The question remains whether this policy can rescue the economy from the doldrums and place it firmly on the path of vibrancy.
The slide in GDP growth is a complex interaction of a whole host of factors.
Inflation edged up in July on declining in the preceding three months, driven primarily by rising food prices, according to government data, renewing concerns over mounting pressure on consumers amid persistent supply side challenges.
Consumer prices eased to their lowest level in nearly three years in June, according to official data, offering tentative signs of economic stabilisation after months of monetary tightening by the central bank.
The Bangladesh Bank will consider slashing the policy rate to 7 percent by March, provided that rampant inflation, which has hovered above 9 percent for nearly two years, eases to 5 percent by then, Governor Ahsan H Mansur said yesterday.
Bangladesh inflation soared (5.86 percent to 11.38 percent in 2022-2024), driven by global shocks and food prices.
Govt must rein in inflation, adopt more business-friendly policies
While stabilising the economy is a priority, the roots of Bangladesh’s recent turmoil lie in a crisis of governance.
