DHAKA, Dec 15, 2024 (BSS) - Real income reductions caused by ongoing inflationary pressure over the past two years have pushed around 1.78 crore into poverty or risk of poverty, according to a recent study.

This study was revealed today at a workshop titled "Current Macroeconomic Situation and Preparation for LDC Graduation", organised by the Research and Policy Integration for Development (RAPID) at the CIRDAP auditorium in the city.

As per the study, with a decrease in purchasing capacity due to continuous high inflation, 78 lakh people in the country have come under the poverty line, and about one crore people have come under the risk of poverty.

RAPID also found that 38 lakh people who were previously poor have now fallen below the extreme poverty line.

At the presentation, Research Director of RAPID Deen Islam said poverty and vulnerability situations have become worse because of eroding purchasing power.

Speaking on the occasion, RAPID Chairman MA Razzaque said, "Real wages have not increased at the same rate as poverty has increased. As a result, poverty and vulnerability have increased."