Has Inflation Reached Double Digits in Bangladesh Amidst Price Hikes in Ramadan?

The people of Bangladesh are facing steep inflation as the country's headline inflation increased to 9.33% in March due to rising food and non-food prices. Food inflation rose to 9.09% while non-food inflation reached 9.72%. The rise in the prices of meat, fish, vegetables, and spices were primarily blamed for the high food inflation, while education, healthcare, house rent, and transportation were cited as non-food inflation drivers. Planning Minister MA Mannan stated that inflation has yet to reach double digits but warned that it could go up in the coming months. The cost of living is particularly challenging as the majority of the country's people fast during Ramadan. The South Asian Network on Economic Modeling reported that nearly 74% of the poorer families in Bangladesh are depending on borrowing to cope with the rising inflation, while 90.2% of poorer people have been forced to change their regular food habits and compromise on protein diets.

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