Living cost in capital rose by 8.44 pc in 2017: CAB | daily-sun.com

Living cost in capital rose by 8.44 pc in 2017: CAB

Sun Online Desk     2nd January, 2018 04:14:49 printer

Living cost in capital rose by 8.44 pc in 2017: CAB

Living cost rose by 8.44 percent in Dhaka in 2017 because of hike in prices of rice, vegetables, house rents, electricity, gas as well as other services, said Consumers Association of Bangladesh (CAB).

 

CAB president Golam Rahman disclosed the statistics at a press briefing at Dhaka Reporter's Unity (DRU) on Tuesday morning.

 

CAB came up with the findings after scrutinising the data of 15 kitchen markets, 144 food products, 22 essential items and 14 utility services, including gas, electricity and water.

 

Last year, Golam Rahman said onion prices hit the roof, posting a 40.99 percent rise, while rice price hiked by 20.40 percent, vegetables by 24.72 percent, liquid milk by 20.36 percent and beef by 19.28 percent.

 

In the services sector, he said, gas price marked a rise by 6.44 percent, water (per liter) 5 percent and house rent 8.14 percent, he added.

 

They also placed a 10-point recommendation to cut down the high living cost.

 

The recommendations include formation of a separate department of 'Supply and Price' under Commerce Ministry to control the prices of daily essentials, reforming the House Rent Act 1991 and forming a House Rent Commission.

 

The latest spike in the living cost was higher than in 2016 when it rose by 6.47 percent in the capital.

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