Social stability endangered by soaring food prices, says MCCI
Social stability will be shattered if the price-hike of food continues, said the Metropolitan Chamber of Commerce and Industry. The impact of the soaring prices of food on the poorer section of the people is very significant and may turn out to be devastating, said the president of the MCCI, Latifur Rahman, at a meeting with the Bangladesh Bank's governor, Salehuddin Ahmed, on Wednesday. Market imperfections, domestic supply shortfalls and imported inflation are the three main reasons behind the rising inflation, he pointed out.