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External Sector, Inflation and Standard of Living

Monthly Bangladesh Economic Update, October 2017

October 2017

Recent rise in import, particularly import of consumer goods, vis-à-vis export earnings is likely to spell trouble for low income people whose standard of living deteriorates amid frequent price hikes in the commodity market.

The Unnayan Onneshan (UO), an independent multidisciplinary think-tank, in its monthly publication of the ‘Bangladesh Economic Update’ October 2017, fears so.

Taking account of the increasing trend in inflation rate, the research organization projects that at the end of the current fiscal year, food inflation is likely to stand at 9.4 percent in the absence of immediate price stabilization measures.

Such increase in price in the commodity market coupled with reduced production of food grains, decline in real wage, and lack of employment opportunities is likely to adversely affect people’s standard of living on the one hand and threaten overall food security in the country, comments the research organization.

 

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