Planning Minister MA Mannan on Wednesday said that Bangladesh economy is moving toward a comfortable position with the restoration of global food supply after Russia’s recent deal with Ukraine allowing export of food grains.
The minister said this at a press briefing at his office in Sher-e-Bangla Nagar, while releasing the inflation data prepared by Bangladesh Bureau of Statistics (BBS). He also spoke on the current state of the economy.
He said the government plans to prepare a list of most consumed 20-22 products to measure a separate inflation rate. These items are usually consumed by the marginal and lower middle-class people.
Mannan said the overall inflation rate decreased by 0.8 per cent to 7.48 per cent in July from the 7.56 per cent in June. “This is a good news,”
The government has opened the door to importing rice and other food items easing the process. The increasing supply has already brought down the prices of edible oil, rice, vegetables, and some commodities, he said.
The inflation rate will come down gradually as the supply of rice and other commodities increased in the domestic market along with easing the global supply chain, the minister said.