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Bangladesh: Dhaka's markets empty out as inflation skyrockets03:00

Bangladesh: Dhaka's markets empty out as inflation skyrockets

Бангладеш, Dhaka
22 January, 2023 в 23:39 GMT +00:00 · Опубликовано

Dhaka's largest wholesale market, Kawran Bazar, emptied out on Sunday as basic commodities see low demand due to surging inflation and fuel prices.

A few customers could be seen walking around the market while sellers were sitting and some of them were laying down.

"It has become difficult to live with the current prices of goods", commented Saiful Islam, a rickshaw driver. "The price of things has increased hundreds of times than before", he added.

The average annual inflation in 2022 in Dhaka megacity was 11.08 per cent, a record high since 2011 with the middle-income group suffering the most.

Moreover, the instability of the dollar market increased the price of imported products and some domestic products, depending on imported raw materials.

Earlier last month, authorities announced a 50% increase in fuel prices, prompting the prices in all sectors.

Bangladesh: Dhaka's markets empty out as inflation skyrockets03:00
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Dhaka's largest wholesale market, Kawran Bazar, emptied out on Sunday as basic commodities see low demand due to surging inflation and fuel prices.

A few customers could be seen walking around the market while sellers were sitting and some of them were laying down.

"It has become difficult to live with the current prices of goods", commented Saiful Islam, a rickshaw driver. "The price of things has increased hundreds of times than before", he added.

The average annual inflation in 2022 in Dhaka megacity was 11.08 per cent, a record high since 2011 with the middle-income group suffering the most.

Moreover, the instability of the dollar market increased the price of imported products and some domestic products, depending on imported raw materials.

Earlier last month, authorities announced a 50% increase in fuel prices, prompting the prices in all sectors.