Inflation in Bangladesh
Bangladesh - Inflation (end of period)The economy will likely contract sharply in April–June. Since 26 March, Bangladesh has been under lockdown to curb the spread of Covid-19, curtailing all but essential economic activity. Currently, the lockdown is set to last until at least 30 May, although restrictions were eased on factories and public transport from 5 May. Reflecting the global economic downturn’s effect on Bangladesh, remittances plunged in March–April and merchandise exports plummeted over 80% in April. Exacerbating matters, a cyclone hit Bangladesh on 20 May, causing infrastructure damage and displacing millions of people. To help struggling consumers and businesses, the government has expanded social security protections and support for business loans. The government is also in talks with the IMF over financial support, after borrowing USD 100 million from the World Bank in April.
Bangladesh - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||6.1||6.1||5.0||5.8||5.3|
5 years of economic forecasts for more than 30 economic indicators.
Bangladesh Inflation (eop) Chart
Source: Bangladesh Bureau of Statistics
|Exchange Rate||84.89||0.14 %||Jan 01|
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