Bangladeshis must be crying now remembering Sheikh Hasina, Yunus government has made life hell.

Bad days have begun in Bangladesh after the coup of Sheikh Hasina's government. Inflation in the country is skyrocketing and there seems to be no way to get rid of it. It has been 3 months since Mohammad Yunus's government came to power and in the meantime, inflation has reached its highest level.

According to the data from the Bangladesh Bureau of Statistics, the inflation rate has been at its highest level in the last 3 months. After 10.49 percent in August and 9.92 percent in September, the inflation rate reached 10.87 percent in the month of October.

Earlier, during the violent agitation, the inflation rate had risen to 11.66 percent in July. During the tenure of the Sheikh Hasina government, out of 7 months this year, except July, the inflation rate remained below 10 percent i.e. in single digits in all the other 6 months, but after the Yunus government came, it crossed double digits twice in 3 months.

In October, the food inflation rate also increased by more than 2 percent compared to September to reach 12.66 percent. Although inflation has been rising in Bangladesh since the Corona epidemic, the inflation rate has remained above 9 percent since March last year. Although the Sheikh Hasina government had largely succeeded in controlling inflation in the first 6 months of this year, inflation suddenly increased in July due to the anti-reservation movement in late June.

An important meeting of Yunus government on inflation

Inflation has crossed double digits twice in the last 3 months in the interim government. To control the inflation rate, the interim government held a meeting on Thursday. Many officials including interim government's Finance-Commerce Minister Salehuddin Ahmed, Planning and Education Advisor Wahiduddin Mahmud, and Power, Energy and Mineral Resources Advisor Mohammad Faujul Kabir Khan attended the meeting.

The government has decided to double the amount of rice being given to 10 million Bangladeshi families through family cards and change the market monitoring strategy to control inflation.

Inflation will reduce in 12-18 months!

Bangladesh Bank Governor Ahsan H. Mansur said after the meeting that domestic measures taken in view of the global market situation will reduce inflation. However, this may take a lot of time. He said that generally, the steps taken to tighten the monetary policy have an impact on controlling inflation in 12 to 18 months. Mansur said that we need to be patient and policies will also have to be implemented with a lot of patience.

It can be understood from this statement of the Bangladesh Bank Governor that the public is not going to get any relief from inflation at the moment. If everything goes well, it may reduce after one to one and a half years, but looking at the policy and intention of the Yunus government, this seems difficult.