Binayak Sen, director general of the Bangladesh Institute of Development Studies (BIDS), told Prothom Alo that he thinks it is necessary to reduce duties on essential goods to almost zero for at least a year, and there may also be some advance income tax. He said the government may take a closer look at the […]
The minister said, “We have taken all steps to control inflation, and are looking at what more we can do to rein in inflation.” He also said that contractionary measures will continue for now. Aiming to tackle inflation, the Finance Minister on Thursday presented the proposed national budget of Tk 7.97 trillion for the fiscal […]
Commodities whose prices are likely to increase
The inflation picture painted by the Centre for Policy Dialogue (CPD) just ahead of the budget presentation for FY 2024-25 is extremely worrying. Although the overall inflation is 10 percent, food inflation is much higher than this. There has been a lot of discussion on the issue of high inflation for the last few years, […]
For the past few years, economists and researchers have been demanding to increase interest on bank loans to bring inflation under control. Bangladesh Bank did not pay any attention to this. However, on January 17 this year, Bangladesh Bank adopted contractionary monetary policy. To control inflation, Bangladesh Bank has slightly increased the policy interest rate […]
Prime Minister Sheikh Hasina has ordered the Minister of State for Commerce to start strictly monitoring market conditions. The Prime Minister gave this order during an unscheduled discussion in the cabinet meeting on Monday. A meeting was held in the Prime Minister's Office (PMO) this morning under the chairmanship of Prime Minister Sheikh Hasina. Later, […]
He said moderate shortage in supply of green chillies is a common phenomenon of this season, prompting authorities to meet consumer demands with imports. This year, prices started rising a month before Eid-ul-Azha, an occasion that traditionally sees a rise in prices. Last year during this season it had risen to a staggering Tk 700 […]
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 […]
Although potato prices are generally cheap at this time of the year, the vegetable is now being sold at Tk 50-55 per kg, which is 57 per cent higher than last year. According to the Department of Agriculture Marketing's analysis of price lists for 2021, 2022 and 2023 on May 9, the highest price of […]
Under an automated pricing system, officials now adjust fuel prices according to the international market at the beginning of each month. Fuel prices went down due to adjustments in the last two months. As per the latest notification, diesel and kerosene will be sold at Tk 107 per liter instead of the previous Tk 106. […]
However, analysis of agricultural marketing department information shows that currently rice prices in three divisional towns – Rajshahi, Rangpur and Sylhet are cheaper than the newly determined minimum price of rice. In Rajshahi, the price is Tk 45, and in Rangpur and Sylhet it is Tk 46. Questions are being raised on fixing the same […]
The gap between production and consumption of rice still persists. According to the Agriculture Ministry, production is quite good, at least 50 lakh tonnes more than the demand. Therefore there is no need to import rice. However, despite surplus production, rice prices are rising. Meanwhile, the United States Department of Agriculture (USDA) said rice production […]
After visiting the market after a week, it was found that the goods were not being sold in the market at those rates. However, while the prices of some things have decreased in the retail market last week, the prices of some have increased compared to before. On Thursday, after visiting Shevarapada, Taltola and Mohammadpur […]
The Bangladesh Shop Owners Association said the prices of 29 food products, including fish, meat, eggs, pulses and vegetables set by the Department of Agricultural Marketing (DAM) at the producer, wholesale and retail levels are absurd. The association also said that the prices estimated by DAM at the producer level are a figment of their […]
The Department of Agriculture Marketing has fixed the prices of 29 food products including fish, meat, eggs, pulses and vegetables at the producer, wholesale and retail levels. A notification in this regard signed by the department's Director General Mohammad Masood Karim was published on Friday.