Dhaka, Jan. 26 -- The previous government repeatedly accused poultry companies of manipulating the prices of eggs and chicken. What really happened? First, the cost of feed rose sharply after Russia invaded Ukraine. The prices of imported feed ingredients increased. This supply shock was beyond the control of the poultry industry, and also beyond the control of the government. Second, the local currency depreciated significantly against the US dollar, falling from around Tk 86 to about Tk 120. This depreciation was largely driven by the previous government's irresponsible economic policies.

Economists expect inflation whenever money supply increases too fast. Money supply is the sum of cash in circulation and bank deposits. Bangladesh Ba...