Combating inflation during Ramadan

During the holy month of Ramadan in Bangladesh, inflation becomes a significant concern for many households. With heightened demand for food and other essentials, prices often surge, placing an additional strain on already tight budgets. Inflation in Bangladesh, as in many countries, is driven by a combination of factors, including supply and demand dynamics, government policies, and global economic conditions.

One of the most pressing challenges during Ramadan is the sharp rise in the prices of essential goods. From groceries to clothing, the cost of necessities invariably escalates during this period.

The increased demand for goods and services during Ramadan not only drives up prices but also exacerbates the strain on limited resources. As the demand for items needed to prepare iftar and sehri increases, prices also rise, even when there is an adequate supply.

Inflation has a profound impact on how families in Bangladesh observe Ramadan, making it increasingly difficult for them to uphold their religious traditions while managing the financial implications of rising costs.

This year, people hope to experience a different Ramadan under the new government, which is regarded as honest and caring for its citizens.

So, the government should work with local businesses and suppliers to ensure that there is adequate stock of essential goods and that supply chains are not disrupted. By doing so, they can help prevent panic buying and hoarding, which often exacerbate inflationary pressures. Ensuring that food and essentials remain affordable for all citizens is essential for a peaceful and fulfilling Ramadan for every family in Bangladesh.

Tania Khatun

Student

Bachelor in Business Administration

North South University