The interim government is set to form a task force to monitor the market to reign in the soaring prices of daily essentials.

"The task force will be on the field soon," wrote Asif Mahmud, youth and sports adviser, on his verified Facebook timeline yesterday.

"Even after making many products duty-free, there was no impact on the market due to the misdoings of syndicates. The process of forming a task force to monitor the market is underway," he wrote.

The prices of daily essentials including rice, eggs, broiler chicken, soybean oil, palm oil, sugar and vegetables have increased significantly.