The challenge of controlling inflation. Yunus government

The challenge of controlling inflation. Yunus government

own reporter, morenewsbd
own reporter, morenewsbd

Published: 07:22 13 August 2024

Sheikh Hasina's government fell on August 5 in the mass movement of students. Then Nobel laureate Dr. The journey of the interim government started on August 8 under the leadership of Muhammad Yunus.

There was an anti-discrimination student movement throughout the month of July. Which has an impact on inflation. After the departure of Sheikh Hasina, the interim government is facing the challenge of inflation. Muhammad Yunus.

The impact of the movement is visible in the inflation report for the month of July by the Bangladesh Bureau of Statistics (BBS). Because, along with overall inflation, food inflation has once again reached 14 percent in the last 13 years. That is, the new government will have to take up the challenge of reining in inflation.

According to BBS data, headline inflation rose to 11.66 percent last July. Which was 9.72 percent last June. Food inflation rose to 14.10 percent in July. Which was 10.42 percent last June. Earlier, the last highest food price inflation was in April 2011 at 14.36 percent. Since then, food inflation has never risen above 14 percent. On the other hand, inflation in the non-food sector was 9.68 percent in July. Which was 9.15 percent last June. Earlier in September 2011, overall inflation was the highest at 11.97 percent. Then inflation reached its highest level last month.
Meanwhile, Tuesday morning finance and planning advisor. Salehuddin Ahmed said regarding reining in the inflation, not increasing or decreasing but the real inflation and gross domestic product (GDP) data will be published from now on. But inflation control will be given utmost importance.

He said that the supply chain has broken down due to several days of stagnation. Due to which the cost of living has increased. But now the prices of some products have decreased in the market. If everything is normal, the price will come down further.

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