Tag: inflation
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Inflation calculation process set to change
The rate of inflation is measured on the basis of prices and costs of a total of 426 products and services, including rice, pulses (dal), coarse flour, flour, oil, soap, salt, sugar, gold, books, notebooks, pens and travel charges . All products and services in the list are weighted 100. Each product and service has…
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Inflation decreased in November, but there is no relief in commodity prices
The rate of inflation in the country declined from 8.91 percent in October to 8.85 percent in November, although the prices of essential commodities remained unchanged during the period. The figures were published at a press conference at the office of Planning Minister MA Mannan on Monday. The Bangladesh Bureau of Statistics (BBS), however, said…
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Bangladesh’s November inflation drops to 8.85% on lower food prices
Inflation eased to 8.85 per cent in November from 8.91 per cent in the previous month due to lower food prices. This means that the Consumer Price Index has declined for the third month in a row. Food inflation fell to 8.14 percent in November from 8.50 percent in October, while non-food inflation rose to…
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Why the US Inflation Reduction Act has weaponized Europe
While the European Commission and the White House have set up a high-level task force to negotiate, Macron aims to use his political clout to push the case for waivers at the highest level during his state visit. EU governments want a solution quickly, with arrangements possibly agreed at the EU-US Business and Technology Council…
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Mexico will increase the minimum wage by 20% in 2023, raising inflation concerns
“We do not see any risk of inflation rising,” he said. Mexico is struggling to tame extremely high inflation and the Bank of Mexico raised its key interest rate by 600 basis points to 10.0% through mid-2021 in an effort to ease price pressures. Annual headline inflation in Latin America’s second-largest economy eased to 8.14%…
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Sweden’s H&M to cut 1,500 jobs in drive to cut rising costs and save profits
Hargreaves Lansdowne’s Streeter said: “Shoppers are showing signs of trading down and looking for bargains, so the pressure is on for H&M to compete with chains offering greater value, from Primark to Boohoo and Shein Online. “ H&M said its savings would begin in the second half of next year, while it would take a…
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Bangladesh publishers tighten control over book printing as paper costs soar
Usman Ghani, former president of the Bangladesh Knowledge and Creative Publishers Association, alleged that a syndicate of businesses was inflating paper prices. They feel that the increase in the price of paper will force the publishers to cut printing by 50 percent. “When it is time for book fairs and printing of textbooks, the paper…