The holiday marking the end of Ramadan used to be a boon for Bangladesh's small shops and businesses, often generating profits equivalent to those of the entire year. However, this year, many fear they won't even cover their monthly rent due to poor sales, worsened by inflation soaring to 9.5% or higher over the past 12 months. During visits to Dhaka markets such as New
The rising price level in Bangladesh has left the middle and low-income segments in a severe cost of living crunch, with inflation hovering above 9 percent since March last year.
The number of shoppers has been increasing since Friday, said brands and retailers. But with about 18 days left until Eid, consumers are yet to start buying clothing items in large quantities, they said.
Retail giants and realtors are increasingly flocking to Mirpur and its surrounding areas to tap the opportunities being offered by the growing swathe of the capital.