Inflation Rate Trends and Forecast for Bangladesh from 1990 to 2029

Inflation Rate Trends and Forecast for Bangladesh from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for Bangladesh from 1990 to 2029. TGM StatBox.
Chart Details
Timeframe: 1990-2029
Country: Bangladesh
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
Bangladesh's inflation rates have shown significant variability over the years. During the 1990s, inflation fluctuated, peaking at 9.7% in 1990 before dropping to a low of 1.8% in 2001 due to stable agricultural outputs and controlled monetary policies. The global financial crisis of 2008 caused a sharp rise in inflation to 9.9%, fueled by soaring global commodity prices.

Post-2010, inflation rates stabilized around 5-7% due to steady economic growth and improved policy measures. However, in 2023, inflation rose to 9.0% following supply chain disruptions and global price shocks. Projections suggest inflation will moderate to 5.5% by 2029 as economic policies stabilize, ensuring a sustainable growth path.

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