Rice price rises

Prices of essential goods in Bangladesh’s capital have surged, affecting lower and middle-income residents. Rice, soybean oil, sugar, and vegetables have seen significant increases. Traders cite supply shortages, rising production costs, and economic instability as reasons. Food inflation hit a 13-year high of 14% in July. The interim government’s advisers expect inflation to decrease in the coming months, focusing on improving supply and production to address the issue.