The poor have their back to the new wall

I am writing to express my deep concern about the rising inflation rate in Bangladesh. The cost of everyday essentials, particularly food and fuel, has skyrocketed in recent months, putting a severe strain on household budgets. This is a critical issue that demands immediate attention from policymakers.
Many families are struggling to make ends meet. The rising cost of living is eroding purchasing power, forcing people to cut back on essential items like food and healthcare. This situation is especially worrisome for low-income families and those living in rural areas.
While there may be various factors contributing to inflation, it's crucial to address the root causes. The depreciation of the Taka against the US dollar and the ongoing global supply chain disruptions are undoubtedly playing a role. However, we cannot ignore the impact of domestic factors such as potential supply chain inefficiencies and disruptions within Bangladesh.
The government needs to take concrete steps to combat inflation and provide relief to the people. This could involve measures to stabilize the Taka, improve domestic food production, and streamline supply chains to ensure essential goods reach consumers at affordable prices. Additionally, targeted social safety nets can be implemented to support the most vulnerable populations.
The current situation is not sustainable. We need a collective effort from the government, businesses, and citizens to bring down inflation and ensure a stable and affordable cost of living for all Bangladeshis.
M A Z Abid
Student
School of Business & Economics
North South University
[email protected]