Rising inflation affects the development goals of the country, said a leading economist yesterday.
The government must contain inflationary pressure to safeguard the economy from any major harm, he said.
Mustafa K Mujeri, director general of Bangladesh Institute of Development Studies, said the prices of commodities are increasing gradually, which have to be brought under control.
"If it continues, our target to reach millennium development goals (MDGs) may be delayed by another five years," he said. "The main factor of the inflation is that it has affected our social goals."
He was speaking at the global launch of 'Economic and Social Survey of Asia and the Pacific 2011' at the Cirdap auditorium in the city.
The average consumer price index stood at 7.9 percent in 2010 against 6.7 percent in 2009, but Mujeri said he thinks the figure could be higher.
Source: The Daily Star (May 5, 2011)
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