Inflation relapse feared on across-the-board cost spikes
Bangladesh, Sept. 21 -- A brusque announcement ramping up prices of all major fuel oils has sent shockwaves through Bangladesh's economic landscape as economists fear a severe impact on inflation like in the past.
The immediate impact of fuel-oil-price hikes on inflation used to be very severe after raising oil price as it inflates the transportation and passenger charges immediately, analysts said Monday, as the news of a flat 20-precent hike in petroleum products broke at daybreak following a midnight government announcement.
According to official data, the impact was so immediate that the month-on-month inflation rate jumped in the subsequent months of the fuel-price hikes-and even continued for years.
After taking over in February th...
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