Paragraph: Price Hike

Price Hike

The rise in price of essential commodities day to day is called price hike. In other words, Price hike means the unusual increase of prices of the daily essential commodities. Nowadays, this is a common picture in Bangladesh. When the buying ability of the common people goes beyond control for sudden rising of daily necessities is called price hike or price spiral.  Every day the prices various necessary commodities are increasing. There are many reasons of price hike. Rapid growth of population and hoarding, black market etc. are the main causes of price hike. Apart from this, market syndicate, natural disasters, limited cultivable lands, shortage of commodities supply, money inflation, and political turmoil are responsible for this price hike. Moreover, there are some dishonest and greedy businessmen who create an artificial crisis in the market to sell crops at higher prices. As a result, there occurs price hike. The rising situation of prices in the market affects the general people seriously. Especially the poor and the middle class suffer much in this circumstance. Children also suffer from malnutrition for the want of balance diet. To eradicate this problem govt. should form a monitoring cell and have an arrangement to import essential commodities in the crisis moment. Hi-breed crops should be grown in plenty. Money inflation, activities of black market, political unrest should be controlled. Again, the law enforcement agencies should take punitive action against the ill motive businessmen and black marketers. So, to conclude, it can be said that all conscious people should come forward to help the government to control the rising of price. Otherwise, we all will fall into a great danger.