Although wage growth in Bangladesh has been slowly climbing since July 2021, it has remained below the inflation rate for the past two and a half years, government data shows.
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
Ongoing economic challenges will not make it easy to reduce inflation to 6.5 percent in the next fiscal year, said Atiur Rahman, the chairperson of Unnayan Shamannay
The higher inflation for one of the longest spells in recent decades has left many households in the low-middle-income country with little resources since food costs consist of a much higher share in their consumption basket
Inflation increased to 9.89 percent in May driven by higher food prices, figures from the Bangladesh Bureau of Statistics showed today
Inflation edged up in March after marginally easing in the previous month, showing no signs of respite to consumers already hurt by the consistent erosion of buying capacity due to elevated prices.
Uncontrolled inflationary pressure is one of the most problematic phenomena in the country.
Competition law is not an end in itself and to use it, we need to have a good understanding of how markets work.
Although wage growth in Bangladesh has been slowly climbing since July 2021, it has remained below the inflation rate for the past two and a half years, government data shows.
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
Ongoing economic challenges will not make it easy to reduce inflation to 6.5 percent in the next fiscal year, said Atiur Rahman, the chairperson of Unnayan Shamannay
The higher inflation for one of the longest spells in recent decades has left many households in the low-middle-income country with little resources since food costs consist of a much higher share in their consumption basket
Inflation increased to 9.89 percent in May driven by higher food prices, figures from the Bangladesh Bureau of Statistics showed today
Inflation edged up in March after marginally easing in the previous month, showing no signs of respite to consumers already hurt by the consistent erosion of buying capacity due to elevated prices.
Uncontrolled inflationary pressure is one of the most problematic phenomena in the country.
Competition law is not an end in itself and to use it, we need to have a good understanding of how markets work.
The overall inflation in Bangladesh slid 19 basis points to 9.67 percent in February thanks to a fall in the prices of both food and non-food items, according to sources at the planning ministry.