Price hike/ price spiral

 

Price hike / Price Spiral 

Price hike means the unusual increase of prices of the daily essential commodities.At present it is a common phenomenon in Bangladesh. Many reasons are responsible behind price hike. Rapid growth of population, natural disasters, limited cultivable lands, shortage of commodities supply etc. are the most common in them. Apart from these market syndicate, hoarding, black market and political turmoil are responsible for price spiral. The rising situation of prices in the market affects the general people very seriously. As most people of our country live below the poverty line, they cannot afford to keep pace with the rising condition. So, sufferings of them know no bound. Children also suffer from malnutrition for price for the want of balance diet. It is imperative to control the price hike at any cost.  Govt. should take some effective steps such as creating monitoring cell, keeping strong to import product in crisis condition, motivating farmers to grow hi-breed crops etc. Again, the law enforcement agencies should take punitive action against the greedy businessmen and black marketers. Mass media can also play a vital role to reduce this issue.

Prepared by: Noor E Alam