Price Hike

Price Hike

The term price-hike refers to the soaring price of daily commodities. It means a tendency of looking up the prices of essential commodities. Price-hike is a burning issue at present in Bangladesh. There are a number of causes behind the soaring price of daily necessities. It has occurred because the value of money has declined beyond limits. As a result, the purchasing power of the people has been decreased abnormally. With the growth of population, there is always a shortage of the production of daily necessities like rice, milk, fish, meat, vegetables, oils, etc. This deficiency in the production of the daily necessities causes their price to rise. Apart from this, many dishonest businessmen hoard these products in their godowns and create artificial want in the market for extra profits to become rich overnight. There are many causes of price-hike in our country. Most dreadful among them are – a decrease in production, an increase in money supply, hoarding, black-marketing, syndicating, population explosion, moral degradation, natural calamities, etc. The government is not strict to bring these dishonest businesses into the book and punish them. Besides, the government policy for controlling price is not effective. There is also no proper mechanism to fix the price for a product. As a result, the poor and the lower-middle-class people suffer intolerably. They cannot afford to buy nutritious food like milk, fish, egg, meat, etc to meet their daily necessities.

Many poor villagers cannot afford to manage three square meals a day. They cannot keep body and soul together with their scanty income. They suffer intolerably due to malnutrition and other diseases. Now they are getting hard-hit day by day with the abnormal rising of prices. Many even die as they do not get medical facilities. So how a nation can prosper if its citizens do not get proper food and medical facilities?

The price-hike is seriously eating up the vitality of the country’s economy. So it is high time that the govt erumpent took steps to control the price hike to mitigate the suffering of the common people. The dishonest businessmen and the hoarders should be punished. They should also take punishable measures against the illegal hoarders of the daily necessities. The government should ensure the supply of essential goods to control price hike. The sooner the price-hike can be brought under control the better to continue and augment in the development works and plans of the country. Above all, awareness among all of us about the price hike is a must. We should raise our voice against the unreasonable price hike of the daily commodities.