DHAKA, Bangladesh – The newly installed Prime Minister of Bangladesh, Tarique Rahman, has committed to keeping food costs under control during Ramadan while working to restore order and rebuild the country’s economy after his party’s overwhelming election win.
The 60-year-old Rahman, whose father was the late President Ziaur Rahman and whose mother is former Prime Minister Khaleda Zia, took the oath of office on Tuesday. He inherits a nation facing significant hurdles, including the need to restore political calm, regain investor trust, and revitalize crucial sectors like textile manufacturing following the 2024 unrest that toppled Sheikh Hasina’s administration.
During a broadcast to the nation on Wednesday evening, Rahman offered greetings for the beginning of Ramadan and cautioned merchants against taking advantage of consumers. Food staples including rice, cooking oil, sugar and lentils often see price spikes during the holy month as demand increases.
“Ramadan is a month of self-purification. This period should not increase public hardship,” Rahman said. “Do not treat Ramadan as a month for profit. Ensure essential goods remain affordable.”
The new leader’s comments address ongoing concerns about rising costs. The country’s yearly inflation rate reached 8.58% in January 2026, marking the highest level since May 2025, as food expenses continue pressuring family finances.
Rahman announced his administration would break up market cartels that take advantage of consumers and strengthen protections for both purchasers and vendors.
Establishing better law enforcement and implementing tough anti-corruption policies will top his government’s agenda, he stated. “The rule of law will be the final word in governing the state — not party influence, political power or coercion.”
The prime minister additionally revealed intentions to modernize and expand the country’s railroad system and enhance cooperation between transportation departments to build a unified transit network designed to reduce urban congestion and improve connections throughout the nation.
