Inflation: It is a rise in the general level of prices of goods and services in an economy over a period of time.
The inflation rate currently in Bangladesh is 9.1%. The International Monetary Fund (IMF) has warned that inflation may cross double digits by the end of the fiscal year 2009-2010! Bangladesh suffered from huge inflationary pressures starting in 2007 due to domestic supply shocks originating from two rounds of flood and the destruction caused by the cyclone Sidr. As global commodity prices surged to its all-time peak in July last year, inflation in Bangladesh also followed a similar track. And as the trend shows us Bangladesh will continue to experience a decrease in inflation rate till the recession. It may thus rise again in the future which may have bad effects on the economy of the nation as a whole. Thus the government must take necessary precautions, otherwise by 2050 we too may become like Zimbabwe (which should not happen).
hey inflation has gone down???
ReplyDeletethen why are the prices still rising???!!!
Newton's law says that a thing that goes up also comes down. But in our country, when prices rise they never fall back!!
ReplyDelete