The New Nation - Internet Edition

Staff Reporter

No possibility of further increase of price of essential commodities is there in the month of Jatiya Sangsad election as the price of oil in the international market had fall and the stock of rice in the local market is good, economists said.

According to current report of Bangladesh Bureau of Statistics, inflation stood at 6.12 per cent on November which was 7.26 per cent on October. The inflation was double digit on April.

General Secretary of Bangladesh Economic Association (BAE) Prof Abul Barakat yesterday said that the government's positive approach made it possible to keep trend of inflation in the market. Barakat said that the government has huge stock of rice as well as fall of price in oil market are main reasons in this trend.

"The next elected government would face challenge from the people if this trend of inflation continued," he said.

According to Directorate of Food, the Government has so far built a record foodgrain stock of 12.70 lakh tonnes by Boro procurement. Besides the crude oil is selling at $35 in the international market.

Another economist Prof Moinul Islam of Chittagong University (CU) said that the price of essential commodities in international market are reducing day by day due to world economic recession. "It affected the local market as well," he said.

"But the prices of essentials was not reduced in accordance with the international market," he alleged adding, " The inflation would continue over few months."

The limited money flow in the market after Eid-ul-fitre also constricted the inflation trend, he further said.