“People are suffering due to inflation, which is not acceptable”

Prime Minister Sheikh Hasina said that low-income people are suffering due to inflation, which is not acceptable.

The premier said this while chairing a meeting of the Executive Committee of the National Economic Council (ECNEC) as its chairperson held at the NEC conference room in the city's Sher-e-Bangla Nagar area on Tuesday (June 6).

Meanwhile, she urged the authorities concerned to expedite the formulation and implementation of various projects under the Government to Government (G2G) initiatives.

Briefing reporters after the meeting, Planning Minister MA Mannan said that the Premier put emphasis on expediting the process of formulating and implementing G2G projects with different countries like India and China as Bangladesh has agreements with those countries under their Lines of Credit.

Turning to the issue of containing inflation, Sheikh Hasina underscored the need for conducting research as there are differences in the price of commodities in various markets and kitchen markets.

The Premier also put emphasis on setting up regional storage arrangements for perishable items like onion and ginger.

The Planning Minister said the Prime Minister has acknowledged the current rising inflationary trend and the shortage of power and energy in the country resulting in load shedding.

He said that the utmost priority of the government is now containing inflation and bringing the power and energy situation to a tolerable level.

Referring to his earlier prediction that inflation would come down, Mannan said, but unfortunately, it did not come down, rather increased, for which the government would do whatever necessary such as using its available instruments to contain it.