In recent times, Bangladesh's economy suffered a serious setback due to the COVID-19 pandemic that affected the entire world. The real GDP growth rate sharply plummeted from 7.88 percent in 2018-19 to 3.45 percent in 2019-20 (BBS, 2021). Although in the subsequent fiscal year the growth rate stood at 6.94 percent (BBS, 2021), due to the inflationary effect arising from the unstable and sky-rocketing prices of commodities in both domestic