‘We have to wait two to three months to control inflation’

Finance Adviser Dr Salehuddin Ahmed has said that we have to wait another two to three months to control inflation.

The adviser said this after a meeting of the Advisers Council Committee on Government Purchase (ACCGP) at the Cabinet Division conference room at the Secretariat on Tuesday (February 4).

“It will take another two to three months for inflation to decrease as the government measures take effect. If we can bring price hikes down to 6-7 per cent by June, we will consider it satisfactory,” he said.

The adviser said further steps would be taken to stabilise the prices of essential commodities during the holy month of Ramadan.

Acknowledging that high inflation is causing difficulties, he said several initiatives have already been implemented to address the issue.

The adviser also stated that inflation cannot be reduced overnight and requires coordinated efforts.

“We have held discussions with Bangladesh Bank (BB) and commercial banks. They have assured us that the required US dollars will be made available to facilitate fuel imports, fertilisers, rice, and edible oil,” he said.