If one looks at the inflationary measures that are proposed in the FY2022-23 budget, there are ample reasons to be frustrated.

The government has set an inflation target of 5.5 per cent for the next fiscal year although the prices of basic commodities are sitting at elevated levels for higher commodities prices globally amid lingering supply chain disruptions and the Russia-Ukraine war.

Macroeconomic stability has been a hallmark of Bangladesh’s development strategy. This has served the country well, especially in terms of providing a solid enabling environment for the private sector.

The inflation rate comes down slightly to 5.47 per cent in October from 5.54 per cent in September due to price fall in some non-food and food items except onion.