Food inflation appears to be out of control and has remained above 12 percent for three consecutive months.
According to the latest data from Bangladesh Bureau of Statistics (BBS), food inflation reached 12.56 percent in October, the highest rate in the last 11 years and 9 months. On Monday night, the BBS released updated inflation data, which showed that overall price inflation also saw a slight increase in October to 9.93 percent.
Inflation is like a tax that burdens everyone, regardless of their wealth. Food inflation in particular has increased, impacting the poor and the middle class. At present the prices of various commodities are quite high in the market. Prices of essential commodities like eggs, onions and potatoes are fluctuating. Additionally, prices of vegetables, fish and meat have also increased.