Bangladesh inflation hits high

Inflation in Bangladesh hit a record 8.28 percent in April, the highest in the past nine years. Economists attributed the rise in inflation to a recent hike of domestic fuel prices and to sharp increases in the cost of imports.

"Tackling inflation will be a big challenge for the government over the next fiscal year," said Zaid Bakht, Research Director of the state-run Bangladesh Institute of Development Studies.

Bangladesh's military-backed government is to announce its new budget on Thursday, and analysts said it would include some measures to curb prices.

News via IHT