Poor bear full brunt of food price inflation: BB research
The poor experience higher rates of inflation than the rich and bear the full brunt of the scourge as they spend the lion's share of their incomes on food and have little money left for other needs. Soaring food prices affect the poor people's welfare seriously, said a Bangladesh Bank research paper, stressing the need for a pro-poor monetary policy and comprehensive strategies for boosting farm outputs, creating jobs and widening social safety-net schemes.