High inflation in Bangladesh has revealed the inherent weakness in the government’s domestic resource mobilisation approach, which is largely dependent on revenue collection from indirect taxes, said the Centre for Policy Dialogue (CPD) today.

Inflation shot up to 6.29 percent in April – highest in 18 months – amid persistently high food prices and non-food prices, said Bangladesh Bureau of Statistics (BBS) last evening (May 18, 2022).

When it comes to human development related expenses, the government should spend more.

Inflation in Bangladesh rocketed to a 17-month high in March driven by higher food costs as global uncertainties stemming from the Russia-Ukraine war and supply chain disruptions show no sign of abating, official figures showed yesterday.