The central bank has, for the first time, taken a move to make projections on rates of inflation on a quarterly basis.
This will help financial sector players and investors frame proper policies and take decisions in line with their investment plans.
The Bangladesh Bank (BB) is now scrutinising such type of data obtained on the basis of surveys on limited sample sizes.
Efforts are on to figure out likely inflation rates that workers, businesses and investors think will prevail in the future, and will, therefore, matter in their decision-making.
Dr Akteruzzaman, economic advisor to the Bangladesh Bank told the FE Thursday: "We will not make it public at this moment. It will take at least one year more to release such figures."
He said it needs much time for a rational prediction, especially in case of dealing with sensitive inflation matters.
Dr Akteruzzaman said the BB will release inflation figures quarterly through its official website.
The BB economic adviser said India had released its expected inflation rates after eight rounds of surveys. "We need also almost the same time-frame to make it public."
"We want to depict the real scenario," Dr Akteruzzaman said.
He said both developed and developing countries predict expected inflation rates quarterly to have knowledge about the trends of future inflation.
A central bank's ability to foresee inflation trends is being considered as an important measure of the success of a monetary policy.
Real inflation data are calculated on the basis of price data of previous months.
And this is a very common practice in relation to expected inflation rates to be prepared for investors and policy-makers. The BB initially got funds for the project from the Manila-based Asian Development Bank (ADB).
However, the BB will do the same with its own fund later.
On the other hand, official sources at the Bangladesh Bureau of Statistics (BBS) said none except the BBS is allowed to do such type of statistical calculations under the existing laws.
Abul Kalam Azad, director at the national accounting wing at the BBS said: "We're the official statistical organisation. Only we can generate such type of data on market prices."
The BB will need prior approval from the BBS as per the new statistical act passed in the national parliament in 2013.
