The prices of essential commodities in Bangladesh have soared, causing significant strain on consumers. The Trading Corporation of Bangladesh (TCB) reports a considerable increase in the price of open flour, which has risen from Tk 30-32 per kg two years ago to Tk 55-60 per kg currently. Not only flour, but the prices of rice, pulses, oil, sugar, ginger, garlic, eggs, fish, beef, and other items have also skyrocketed. Despite slight fluctuations, prices have remained consistently high, making it difficult for buyers to afford even close to previous prices.
Traders attribute the lack of price reduction to factors such as the increasing value of the US dollar, rising production costs, and higher value-added tax (VAT) rebates. This situation has put low-income individuals and families under immense pressure, as wages have not kept up with inflation. The rising prices have forced people to spend more on daily commodities, causing financial difficulties and the need to rely on loans. The situation is particularly challenging for those with lower incomes who are struggling to make ends meet. The increase in prices is also affecting the prices of vegetables like onion, garlic, ginger, and dry chili. The rising cost of living is a pressing concern for many, with no signs of price reductions in sight.
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