But Inflation Does Worry Us

Abdur Rahman Harmachi Chief Economics Correspondent, writes on Oct 17 (bdnews24.com) — Inflation does not worry finance minister A M A Muhith. He says there is an uncalled-for hubbub over the government taking ‘excessive’ loan from banks. “I am not worried about inflation at all. I am worried about investment. We (government) can’t feed the need for investment,” he told bdnews24.com at his office on Sunday. According to the Bangladesh Bureau of Statistics, the rate of inflation was 11.97 percent (point-to–point or monthly count) in Sep, highest in the past 10 years.
Excuse me, did I hear that right? For mass people ‘inflation’ is the biggest worry at the moment. Our real income has been shrinking without any sign of recovery. Does anyone care about how an average family of 4 survives in Dhaka city? We are less bothered about investment, but more worried about keeping up with rising prices of essentials, rents, transport costs, school fees and other living expenses. Our buying power has decreased dramatically, which forced us to forget about fixed investments for our children’s future, or for our own retirement. We elected a government to manage our economy to look after our best interest. Governments are servants of common people, their interests should be aligned with the common man. Instead of making us suffer why do they not cut government expenses, reduce government borrowing, increase government efficiency and arrest corrupt officials.

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