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Inflation finally dawns on youth as potato crackers price increased

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Potato

For a generation that evaluates the economy based on carbonated drink prices, it took a while for Bangladeshi youth to perceive the true gravity of the ongoing economic inflation. The concerned youth didn’t flinch during the oil price hike or as the dollar market rose higher by the hour. But as it turns out, the price hike of Potato Crackers chips is where they draw the line.

“The first wave started with the increase of the 250 ml Coca-Cola price. It was tough but we had to resort to our last option – Bepis,” says Shadman Sakib, a victim of the recent Potato Crackers crisis, “But what about Potato Crackers? I can’t just replace it with the closest knockoff! It’s potato chips, not my undergrad from Canada where I can just choose the University of Newfoundland if Manitoba’s not an option!”

Unlike the dollar market crisis or oil price hike, the Potato Crackers price hike has affected the privileged classes as well. Panic floods the streets of Gulshan, Banani and the urban and more privileged sections of Uttara. Supermarkets have reportedly run out of stocks of Potato Crackers as victims are fearing prices rising even further in the future.

Bashir Wayne, an eminent icon of the privileged class, expressed his concern, “I’m the least bothered when it comes to money. I don’t get the panic among the peasants regarding the dollar price hike. If things are too expensive for you to buy in taka, just pay in dollars using your father’s credit card. The Bangladeshi currency inflation can’t affect you if you don’t use Bangladeshi currency in the first place! I can’t believe our economists haven’t yet come up with this simple solution.”

“However, the Potato Crackers crisis made me realize that we, as a nation, are in grave danger,” continued Bashir, “Just like my father tries to bypass the taxation policies of our country, I also tried to bypass the crisis and order Potato Crackers on Amazon. Unfortunately, it wasn’t available and now I have to live my worst nightmare – pay for something in cash on my own and live like a commoner.”

Acclaimed economist and Nobel laureate Dr. You-Know-Who dissected the financial strategy of our youth, “The panic regarding price hike of Potato Crackers among our youth is equivalent to the panic regarding oil prices among our boomers. While nations evaluate the economy in terms of gold reserves, import-export index or local market prices of commodities, our youth measures it through prices of energy drinks, chips, inflammable death sticks and the availability of vouchers on food delivery apps. For them to understand the gravity of the inflation, we must dumb the economic terms down to their IQ and explain it to them as you’d to a 4-year-old.”

Dr. You-Know-Who’s new book ‘Inflation for the Mentally Inflated’ intends to explain the financial crisis to Bangladeshi youth and create the much-needed panic among them so that they can be more financially responsible, save their money and invest in more fruitful ventures.

 

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Economy

FBCCI Urges Action Against Unscrupulous Traders

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FBCCI

The Market Monitoring Committee of FBCCI has urged the concerned market committees to be vigilant in preventing traders from engaging in dishonest practices to earn additional profits.

Md Amin Helaly, Senior Vice-President of FBCCI and Convener of the Market Monitoring Committee, issued this call during a meeting of FBCCI’s Market Monitoring Committee with local market committee leaders at Mohammadpur Town Hall Katcha Market in the capital on Wednesday.

Addressing the meeting as the chief guest, Helaly emphasized the importance of identifying and punishing dishonest businessmen and their associates.

He urged the collection of reports on dishonest traders and their submission to FBCCI, stating, “We will take stringent action against them in collaboration with the government.”

Helaly stated that FBCCI is closely monitoring the market to ensure stability during Ramadan, emphasizing the federation’s role in this regard as a representative of the private sector.

He remarked, “Our efforts will continue in coordination with various government agencies. However, consumers also need to adjust their purchasing habits. Market activities for a month should be more balanced than those on any single day.”

Directors of FBCCI and members of the Bazaar Monitoring Committee were also in attendance at the meeting.

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Economy

US Stresses Collaboration with Bangladesh on Key Issues: Blinken

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Blinken

US Secretary of State Antony Blinken extends congratulations to the people of Bangladesh on their Independence Day, March 26.

Blinken, on behalf of the United States, sends warm wishes to all Bangladeshis on this significant occasion.

In a statement, Blinken expresses the United States’ eagerness to bolster the partnership and people-to-people connections between the two nations in the coming year.

“The United States takes pride in collaborating with Bangladesh on various critical issues of today, including combating climate change, promoting economic development, addressing the Rohingya refugee crisis, supporting global peacekeeping efforts, and tackling global health challenges,” he remarks.

Highlighting the partnership’s role in ensuring a free, open, secure, and prosperous Indo-Pacific region, Blinken emphasizes its significance.

“As Bangladesh marks another year of independence, we reiterate our dedication to strengthening democratic governance and safeguarding human rights – endeavors crucial for Bangladesh’s continued prosperity,” he affirms.

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Economy

China-Bangladesh Friendship Strengthened, Notes President Xi Jinping

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Xi Jinping

Chinese President Xi Jinping has emphasized the robust and deep-rooted political trust between Bangladesh and China, along with their productive collaboration across various sectors, yielding tangible benefits for both nations.

Xi Jinping highlighted Bangladesh’s steadfast commitment to independence over the past 53 years, its efforts in economic development, and improvements in livelihoods, laying a strong foundation for the realization of the “Sonar Bangla” dream.

In celebration of Independence Day, Xi Jinping conveyed his congratulations to Bangladesh President Mohammed Shahabuddin through a letter.

He underscored the longstanding friendship between China and Bangladesh as traditional neighboring nations, noting its continual strengthening.

Xi Jinping expressed his keen interest in advancing the China-Bangladesh relationship and pledged cooperation with President Mohammed Shahabuddin to further enhance high-quality Belt and Road Cooperation and deepen the Strategic Partnership of Cooperation between the two countries.

Simultaneously, Chinese Premier of the State Council Li Qiang and Member of the Political Bureau of the CPC Central Committee and Foreign Minister Wang Yi extended separate congratulatory messages to Prime Minister Sheikh Hasina and Foreign Minister Hasan Mahmud respectively.

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