In August this year, Bangladesh recorded its highest inflation rate at 9.92 per cent since fiscal year 2011, according to the latest data of the Bangladesh Bureau of Statistics (BBS).
Back in FY11, the point-to-point inflation rate stood at 10.92 per cent. The country has been facing significant inflationary pressures since the previous fiscal year, primarily attributed to the Russia-Ukraine conflict, which led to soaring global market prices, coupled with domestic USD supply challenges.
Although global prices have now stabilised, Bangladesh continues to grapple with elevated inflation rates.
