Inflation going down, remittance on rise: MA Mannan

Planning Minister MA Mannan today said the economy can breathe a sigh of relief as inflation is going down and flow of remittance is on the rise.

"We are not saying that it is already at satisfactory levels, but still, inflation is falling. Wage rate is also going up which is a good thing…",the minister said while talking to reporters after the ECNEC meeting today.

Another ray of hope for the economy is that there is a possibility of bumper production of Aman this season.

"This is also a great news for inflation. Supply of goods is very important. We have around two million tonnes of food grains in stock", he said adding that agriculture minister said production of vegetables has increased six-fold.

Mannan expressed hope that inflation rate for November will go down and will continue to decrease in December and January.

The planning minister, said authorities of central bank gave a message that remittance inflow is now showing positive trend.

He said media often reports about dwindling reserves. As such he requested that media should also report on reserve increase on Monday and the slight increase on Tuesday.