No Result
View All Result
INDUSTRY INSIDER
About Us
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • Magazine
  • More
Thursday, July 10, 2025
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • Magazine
  • More
No Result
View All Result
INDUSTRY INSIDER
No Result
View All Result
Home Bangladesh

Bangladesh’s inflation remains high at 9.69%

May witnesses record-breaking inflation at 9.94%

Bangladesh' inflation remains high

by Insider Desk
August 8, 2023

Official figures reveal that Bangladesh’s inflation remains stubbornly high, with the Consumer Price Index (CPI) for July registering at 9.69%, only slightly down from the previous month’s 9.7%. Despite global market trends showing a modest recovery, domestic factors driven by monetary and fiscal policy mismatches seem to be perpetuating inflationary pressure.

This persistent inflation rate has exceeded the annual target by nearly 4.0 percentage points, causing concern among economists. 

They attribute the sustained high inflation to the rigorous monetary policy enforced by the central bank since July. Notably, the rural inflation rate slightly outpaced the urban rate, standing at 9.8% compared to the urban rate’s 9.4%.

Analysts emphasize that the country’s economic landscape enters the new fiscal year with no signs of immediate relief from inflationary anxieties. 

Bangladesh Bank’s implementation of the SMART rate system, linked to short-term treasury bills, has led to a 1.0-percentage point hike in interest rates on the financial market. Indirect taxation is also identified as a significant contributor to the elevated inflammation levels in the country.

In a noteworthy development, the Bangladesh Bureau of Statistics (BBS) has modernized the CPI calculation method, adopting the 2021-22=100 base index and shifting to twelve groups based on the Classification of Individual Consumption by Purpose (COICOP). This shift involves a total of 383 items, with 127 food items and 256 non-food items.

Although international economic conditions appear to be stabilizing, Bangladesh grapples with its economic challenges. 

The high inflationary pressure continues to raise concerns among economists and policymakers, as measures to address the issue remain elusive. 

As the nation enters a new fiscal year, the need for effective policies to curb inflation takes center stage, impacting both consumers and the broader economy.

Tags: BangladeshBD InflationInflationmonetary policy
Previous Post

Bangladesh witness surge in construction investment

Next Post

Saudi Water Expo 2023 to address water scarcity

Related Posts

Agriculture modernization efforts need a boost

by Md Asaduz Zaman
| June 5, 2025

Bangladesh’s 5G dilemma: Leap forward or strengthen 4G first?

by Shafiqul Islam
| June 19, 2025

Does a tourism ban work?

by Sheikh Shabab Tawkee Rupok
| July 8, 2025

Behind dairy’s unrealized potential 

by Md Asaduz Zaman
| May 19, 2025

Bangladesh walking toward a market-determined exchange rate regime

by Rassiq Aziz Kabir and Iftekharul Islam
| May 9, 2025

Understanding labor market: Knowing the indicators better is crucial

by Mohammad Avi Hossain
| June 2, 2025

Next Post
Saudi Arabia's attempt to solve water scarcity

Saudi Water Expo 2023 to address water scarcity

You May Also Like


UK scrambles to revive microchip
More

BSIA welcomed national taskforce recommendations on semicon development

by Insider Desk
July 9, 2025
0

The Bangladesh Semiconductor Industry Association (BSIA) warmly welcomes and appreciates the recently published recommendations by the National Semiconductor Taskforce, constituted...

Read more
BB governor reaffirms banking sector reform, clarifies frozen accounts

Bangladesh to implement risk-based supervision for banks by 2026

July 8, 2025
Bangladesh PMI shows slower Economic contraction in August

Bangladesh’s PMI falls in June

July 8, 2025
Bangladesh’s apparel exports to US surge

Global apparel market hits $557.5 billion in 2024, Bangladesh retains second spot

July 8, 2025
Pathao launches ‘Pathao Pay’ digital wallet

Pathao launches ‘Pathao Pay’ digital wallet

July 8, 2025
Home
Industry
Business
Tech
Bangladesh
World
Feature
R&D
Videos
Magazine
About Us Subscribe
Terms & Conditions
Privacy Policy
Refund Policy
Cancellation Policy
Industry Insider is published by Tareq Ahmed Robin, Sayem Sharif, Md Mahfuz Ul Islam and Mohammad Saiful Islam. It is a quarterly magazine, comes from House B-114, Level – 03, Road – 07, DOHS, Mohakhali, Dhaka – 1206
Reach Out: [email protected]
© 2023 – All rights reserved with Industry Insider | Developed By YSI Bangla Limited  Follow us on our socials:
© 2023 – All rights reserved with Industry Insider | Developed By   Follow us on our socials:

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • All News
  • Industry
  • Business
  • Tech
  • Bangladesh
  • World
  • Feature
  • R&D
  • Opinion
  • More
  • About Us
  • E-Magazine
  • Videos
  • Subscribe