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Govt efforts help cut inflation rate in Sept

Published : 03 Oct 2022 09:27 PM | Updated : 03 Oct 2022 09:53 PM

Various initiatives taken by the government in the recent past may have reduced the inflation rate in September despite the increase in the price of fuel oil.

Planning Minister MA Mannan made the remark while speaking as the chief guest during a training of Bangladesh Institute of Development Studies (BIDS) regarding a Post Enumeration Check (PEC) of the Population Census under the Bangladesh Bureau of Statistics (BBS) on Monday. 

BIDS organized the programme at its conference room in Agargaon of the capital.

The state minister for planning Dr Shamsul Alam, Planning Secretary Mamun-al-Rashid, Secretary of Statistics and Information Management Department Shahnaz Arefin, Director General of BBS Matiur Rahman, Director of Census and Home Census Project Dildar Hossain and Coordinator of PEC activities Mohammad Yunus also speak on the occasion.

Dr Binayak Sen, Director General of BIDS, presided over the event. 

However, the inflation data for August has not yet been released yet while Bangladesh's rate of inflation declined slightly to 7.48 percent.

The planning minister said, “There is good news for you (Journalists). The crazy horse of commodity prices has been under control this month. Everyone calls us to find out. Inflation rose last month. It's down this month. Although I am not an economist, I say inflation will come down further in the coming months.”

Explaining the reason for the decrease in inflation, he said, the government has distributed one crore cards to poor people for selling rice and oil at low price.

“As a result, we have been able to directly hit the increase in commodity prices which put down inflation. Though more time is being required, all the detailed data would be released within a couple of days,” he added.

Meanwhile, the Post Enumeration Check (PEC) survey of Census and Household Census will be conducted across the country from October 10 to 16.

The PEC will be done through Computer Assisted Personal Interviewing (CAPI) method through tab. All local and foreign citizens in the designated 354 areas will be counted. 

Besides, all Bangladeshi citizens of certain areas who are temporarily staying abroad for a period of less than six months will be counted again.

Later, by comparing the information of the previous census with the new information, it can be said how many mistakes or errors have been made in the census. After that, the main census report will be prepared by coordinating the data.