Inflation rate lower in Bangladesh than many countries: Hasan Mahmud

| Updated: August 15, 2022 22:28:33

Inflation rate lower in Bangladesh than many countries: Hasan Mahmud

Information and Broadcasting Minister Hasan Mahmud on Wednesday said that the inflation rate is lower in Bangladesh than in many developed and South Asian countries.

Hasan came up with the statement at an event at the secretariat, reports UNB.

“Many developed countries are experiencing record-breaking inflation rates. The inflation rate in the US is at 8.6 per cent, while in the UK, Germany, Russia, Turkiye and the Netherlands the inflation rates are 9.1 per cent, 7.9 per cent, 17.1 per cent, and 73.5 per cent and 9.6 per cent, respectively,” said Hasan.

The minister, also the Joint General Secretary of the ruling AL, added that among the South Asian countries, inflation rates in Sri Lanka and Pakistan are at 39.1 per cent and 13.8 per cent, respectively.

“In India, the inflation rate is hovering above seven percentage points. Inflation rate in Bangladesh was around six per cent a few days ago. Recently, it has gone up to seven percentage points. Commodity prices have started to fall around the world and I think that we’ll be able to reap the benefits of this downward trend of prices within two to three months,” added Hasan Mahmud.

Replying to a question, the minister reaffirmed that the next general election will be held in ways elections are held across the world, which is under the incumbent government and the current Election Commission (EC).

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