Food price inflation may slow down poverty reduction in Bangladesh
Bangladesh
Published Nov 22, 2021
Tridge summary
As Bangladesh's economy is still under recovery from the effects of the COVID-19 pandemic, an upward trend in the prices of different commodities from the food consumption basket has been hovering over the food market lately - adding fuel to the fire. According to the Department of Agricultural Marketing, recently the prices of many essential commodities have skyrocketed.
Original content
Vegetables such as local potato, carrot, red spinach (laal shak), green banana (kacha kola), Malabar spinach (pui shak), tomato, lady's finger (okra), lemon (kagji), onion etc., have experienced a significant increase in prices (between 13 per cent and 106 per cent) in early November 2021 compared to the prices at the beginning of September 2021. Prices of farm-raised hen, eggs from local hen and local ducks also noticeably grew around 10 per cent in November 2021 compared to September, 2021. Even though some food items have experienced a drastic rise in prices, others faced a relatively lower price bump. For example, condensed milk, local hen, palm oil, local wheat, and lentil had a price incline between 7 and 9 per cent. Local Boro rice became 7 per cent more expensive while soybean oil price rose by 7 per cent. The prices of green chili, molasses, and flour (ata) went up by around 4 per cent. The price of local turmeric remained steady at BDT 145 per kilogram over the last two ...
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