Govt under pressure for frequent hike in allowances
The interim government is frequently raising allowances and incentives for the public officials despite a fund crisis and high inflation prevailing in the country...
Tags : high inflation
Delay of LDC graduation sought
The country鈥檚 private sector businesses have urged for deferring Bangladesh鈥檚 LDC graduation for at least 2 to 3 years, considering the prevailing global and local economic challenges, including a shortage of energy, high inflation, high interest rates and complexities in obtaining credit from banks...
High inflation indicates a fragile national economy
BRITISH economist Lionel Charles Robbins said in the 80s, 鈥業f the average inflation of a country exceeds 4.2 per cent, then there is no more economy in that country.鈥� Inflation was 4.6 per cent in the last fiscal year of the Bangladesh Nationalist Party-led four-party coalition government. Inflation started increasing after the authoritarian leader Sheikh Hasina came to power...
Compromised diet likely to make lasting, adverse effect
A LOW intake of animal protein by the large majority of people because of serious erosion in their purchasing power consequent on persistent high inflation is worrying. High inflation, which has remained more than 10 per cent for months, has pushed many people below the poverty threshold while the number of extreme poor has increased. Inflation...
High inflation drives 1.78cr people towards poverty
The erosion of purchasing power caused by high inflation between 2022 and 2024 has significantly deepened poverty and vulnerability, driving an additional 1.78 crore people in the country into poverty or at risk of poverty, according to a study...
Inflation, investment stagnation remain as concerns: Mintoo
Former Federation of Bangladesh Chamber of Commerce and Industry president Abdul Awal Mintoo on Monday cautioned that high inflation was likely to persist, and investments in Bangladesh could stagnate in the coming years...
Russian economy shows signs of slowdown, top banker warns
The Russian聽economy聽is showing 鈥榮ignificant鈥� signs of a slowdown in some sectors as it grapples with waning growth and high inflation, the head of the country鈥檚 biggest lender warned Friday...
IMF concerned over high inflation in Bangladesh
The International Monetary Fund on Tuesday expressed deep concerns to the Bangladesh Bank over the persistently high inflation in the country...
Economy recovering, but challenges remian: MCCI
Bangladesh鈥檚 economy has been gradually recovering from the recent political instability in the first quarter of the 2024-25 financial year, but, several challenges such as high inflation, reduced export activity, shortfall in revenue collection, diminished job opportunities and sluggish investment climate need to be addressed, said the Metropolitan Chamber of Commerce and Industry, Dhaka...
Tk 60,000cr printed money blamed for high inflation
Finance, commerce and science and technology adviser Salehuddin Ahmed on Monday said that release of printing money worth around Tk 60,000 crore by the ousted government was the major bar to bringing down the runaway inflation...
NSC sales fall further amid rising inflation
The net sales of national savings certificates further declined in the July-May period of the 2023-24 financial year due to high inflation and rising bank interest rates...
Budget to hit disadvantaged people hard: SDG platform
The Citizen鈥檚 Platform for SDGs, Bangladesh on Monday said that the proposed budget for 2024鈥�25 fiscal year would hit the disadvantaged people hard as the government deducted allocations for them amid high inflation...
Manufacturing sector hit by high inflation, dollar crisis: MCCI
The manufacturing sector of the country has been hindered by lower consumption in both domestic and external level amid high inflation, import restrictions due to a dollar crisis and shortage of gas and electricity over the past few months, according to the Metropolitan Chamber of Commerce and Industry鈥檚 economic review...
NSC sales plunge amid high inflation in Bangladesh
The net sales of national savings certificates plummeted in the July-March period...
High inflation reduces forex reserves: BBTA study
High inflation reduces foreign exchange reserves, as more reserves are necessary to stabilise the foreign exchange market and cool down inflation, according to a research paper by officials of the Bangladesh Bank...
New EU spending rules bring back debt discipline focus
With an energy crisis and record high inflation in the EU鈥檚 rearview mirror, Brussels believes the time has come for the bloc to focus on ensuring sound public finances...