Rising inflation hits Dhaka's kitchen markets: Consumers grapple with rising prices

Rising inflation hits Dhaka's kitchen markets: Consumers grapple with rising prices

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Consumers in Dhaka are feeling the brunt of inflation as prices continue to rise amid high interest rates.

Prices of almost all consumer goods, including fish, eggs, vegetables and other daily essentials, were the highest seen in a decade. Many consumers from various businesses said that the prices of vegetables, meat, chicken and fish remained stable but at higher rates.

Speaking to UNB, he said the high prices of almost all vegetables, fish, chickens, meat and other essential commodities are unlikely to ease for now.

Abul Hussain, a mid-level official of an autonomous organisation, told UNB that the taka has fallen from 84 to 117 against the US dollar, which has badly affected the consumer market.

Not only did the taka devalue, but the prices of utilities and fuel also increased, increasing interest rates. He said, the impact of this entire rate increase was on the consumer market.

Many others echoed Abul Hussain's point.

The price of eggs has been increasing for the last 10 days and on Friday, this popular protein item was being sold at Tk 160 per dozen in the capital. Its price saw an increase of 25 taka in the last two weeks.

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