Price Hike Paragraph

Price hike means the sudden increase in the prices of daily necessities. It is one of the biggest problems of our country. The prices of rice, oil, vegetables, fish, and medicine increase almost every day, but the income of the common people does not increase. As a result, the life of the poor becomes very difficult. There are many causes of price hike. Dishonest businessmen create an artificial crisis by storing goods, hoarders stockpile rice and oil to sell them at higher prices later, and the shortage of supply also raises the prices. Sometimes floods and cyclones destroy crops, and then food becomes scarce and costly. Middlemen and dishonest shopkeepers also take unfair profits. The poor suffer most from price hike. A poor man cannot buy enough food for his family, and the children of the poor suffer from hunger and malnutrition. The government has taken some steps, such as opening truckshops and rationing systems, but these are not enough. We need strict laws and honest enforcement to stop hoarding and overpricing. If the government, traders, and the people work together, the prices can be brought under control, and the common people can live a peaceful life.

The price hike is one of the most alarming problems of Bangladesh today. By price hike we mean the abnormal rise in the prices of the essential commodities of daily life, such as rice, pulses, oil, sugar, vegetables, fish, meat, and medicine. The prices of these goods are going up day by day, but the income of the common people remains almost the same. This gap between income and expenditure has made the life of the poor and the middle class extremely miserable. A poor day labourer earns only a few hundred taka a day, but the cost of feeding his family with rice and vegetables now needs much more. He is forced to eat less, and his children often go to bed hungry. The causes of price hike are many. The most important cause is the greed of dishonest businessmen, who create an artificial crisis by hoarding goods. When they store rice, oil, and onions in their warehouses, the supply in the market falls, and the prices rise. Then they sell the goods at double the price. Middlemen also play a role by adding unfair profits at every stage from the farmer to the consumer. Natural calamities like floods and droughts destroy crops, which makes food scarce. Besides, the fall of the value of the local currency, higher import costs, and the increase in fuel prices make everything dearer. The effects of price hike are terrible. The poor suffer from malnutrition and disease, the middle class is forced to cut down its basic needs, and social unrest grows. The government has opened truckshops and fair-price markets and has tried to control the market with the help of the administration, but the steps are not sufficient. To solve this problem, strict laws should be enforced against hoarding, black marketing, and adulteration, and the distribution system should be made fair. Price stability is the first condition of peace in a society, and the government, traders, and conscious citizens must work together to protect the common people from the curse of the price hike.