Higher Electricity Costs Following Fuel and Gas Price Hikes
Already squeezed by high inflation, ordinary people are struggling to cope. From the market for daily necessities to almost every aspect of life, expenses continue to rise. In such a situation, fuel prices in the country have increased due to the impact of global instability and uncertainty. The cost of liquefied petroleum gas (LPG), used for cooking, has also risen significantly compared to before. Added to this concern is the recent increase in electricity prices.
Shortage of Bottled Soybean Oil Triggers Market Instability
As soon as the month of Ramadan begins, a tendency for the prices of essential commodities to rise is usually seen in the country. This time has been no exception. Over the past week, complaints have emerged about a decline in the supply of bottled soybean oil in the market, creating concern among consumers and retail traders.
February Inflation Reaches 10-Month High Due to Rising Food Prices
Inflation in Bangladesh rose again in February, surpassing 9 percent. The Bangladesh Bureau of Statistics (BBS) reported that the overall inflation rate stood at 9.13 percent, which is the highest in the last 10 months.
Rising Inflation, Weak Business Climate Drag Bangladesh’s Economy: UN & World Bank
Bangladesh is facing the most severe inflation crisis in South Asia, according to the United Nations, while the World Bank has also lowered the country’s economic growth forecast for the fiscal year 2025–26 due to high inflation and a stagnant business environment.
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