Just a year ago, Aminur Rahman, a private sector employee living in Dhaka, could buy a moderate amount of essential goods, including rice, soybean oil, onions, salt and eggs, at Tk 553 from stores in Dhaka city.
INFLATION IN BANGLADESH: Bangladesh has been facing persistent high inflation in the last one year of the Russia-Ukraine war. The inflation in our domestic market is largely related to the supply and prices of different types of fuel used in major economic activities, which are significantly disrupted by the Russia-Ukraine war.
"I just don't see how the US can avoid an economic slowdown as that whole process comes to an end," Sam Zell told CNBC about the Fed's aggressive rate hikes.
Inflation risk: The government has kept borrowing from the Bangladesh Bank as commercial banks can't come up with much-needed funds owing to the liquidity crunch.
Price hike of essentials: According to a report of the Consumers Association of Bangladesh (CAB), middle-income people have suffered the most throughout 2022 as the average annual inflation rate was 11.08 percent in Dhaka city that year.