Prime Minister Sheikh Hasina on Monday directed the state minister for commerce to start monitoring the market strictly.
She made this directive during an unscheduled discussion at the cabinet meeting at the Prime Minister's Office in Dhaka, reports UNB.
Cabinet Secretary Md Mahbub Hossain briefed reporters at Bangladesh Secretariat after the meeting.
"Some products have witnessed a trend of price hike even though there is no supply problem in the market. So, the prime minister directed the state minister for commerce to start monitoring the market strictly," he said.
According to Bangladesh Bureau of Statistics (BBS), the country’s food inflation jumped to 10.22 per cent in April this year, the highest in four months, while the overall inflation stood at 9.74 per cent.
Prices of almost all consumer items including fish, eggs, vegetables and other daily essentials saw their prices highest in a decade.
Vegetables, meat, chicken, and fish prices have remained stable, but at higher rates.
Since taka has slid from 84 to 117 against one US dollar, it has severely affected the consumer market. Taka not only devalued, but also prices of utilities and fuel have increased, and interest rates soared, impacting the whole consumer market.
