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Dr. Salehuddin Optimistic Inflation Rate Will Fall to 6-7% by June
Finance Adviser Dr Salehuddin Ahmed. File Photo
Finance Adviser Dr. Salehuddin Ahmed expressed confidence today that the general inflation rate will decrease to between 6-7 percent by June, as government measures begin to take effect.
"It will take two to three more months for inflation to come down as our initiatives start showing results. If we can bring the inflation rate to 6-7 percent by June, we will consider that a satisfactory outcome," he stated.
Dr. Salehuddin made these remarks following a meeting of the Advisers Council Committee on Government Purchase (ACCGP) at the Secretariat in Dhaka.
He also highlighted that additional steps are being taken to stabilize the prices of essential commodities, particularly as the holy month of Ramadan approaches. "We are committed to keeping prices manageable, especially for the most essential items during this time," he added.
Acknowledging the challenges posed by high inflation, Dr. Salehuddin assured that various measures have already been put into action to mitigate the impact on the public. However, he emphasized that inflation is not something that can be reduced quickly, and requires sustained, coordinated efforts.
"We have been in discussions with the Bangladesh Bank (BB) and commercial banks. They have committed to ensuring the necessary US dollar supply for imports of fuel, fertilizers, rice, and edible oil," he said. Additionally, the commerce ministry is in active communication with business leaders to curb price hikes.
The 12-month annual average inflation rate stood at 10.34 percent as of December 2024, reflecting the need for continued efforts to stabilize the economy.