Alexa Living cost in Dhaka rose 8.44%

Dhaka, Thursday   12 December 2019

Living cost in Dhaka rose 8.44%

 Staff Correspondent Daily-Bangladesh

 Published: 02:15 PM, 2 January 2018   Updated: 09:29 PM, 3 January 2018

Living cost in capital city Dhaka rose by 8.44 percent in 2017 due to hike in prices of rice, vegetables, house rents, electricity, gas as well as other services.

The latest spike was higher than in 2016 when cost of living rose by 6.47 percent and cost of services went up by 5.81 percent respectively.

Consumers Association of Bangladesh (CAB) said this at a press conference at Dhaka Reporters’ Unity (DRU) on Tuesday, unveiling CAB’s annual report on cost of living in Dhaka.

The CAB prepared the report by collecting price data from 15 markets in Dhaka on 114 food items and 22 products for daily usage. It also took into account the cost of 14 services including gas, electricity and water to prepare the report.

But it has not included expenses on education, health and real transport in its estimate.

CAB President Ghulam Rahman said that food prices particularly rice soared at higher rate in 2017 than the previous year.

In 2017, cost of services including electricity, gas and water increased by 7.17 percent compared to the figures from 2016, said the report. House rents went up by 8.13 percent in 2017 compared to the previous year, it added.