Price Hike
Price hike means the exorbitant increase of the price of almost all the
essential daily commodities. It spans from foods to accommodation,
education, health treatments etc. Abnormal price hike tends to happen
for numerous reasons. The real scenario of Bangladesh needs to be
carefully understood in order to understand the abnormal price hikes.
Demand for basic necessities is always constant, so when the supply of
goods gets lower, the sellers increase the price. Worse, the shortage of
supply is often caused intentionally to hike the price and to gain more
profit. Syndicates of suppliers and sellers decide to create a
shortfall. Most of the time, it happens because of poor government
regulation.
Corruptions of such levels get unpunished many
times, which fuels the continuity of the works. The shortage of supply
in the entire country is also a reason. When the local production gets
hit and the imports decrease, the short supply needs to be dealt with
the perfect regulation. In short, the lack of proper control in selling
the supply of goods is the key issue most of the time.
Moreover,
the increase in price in services like education, treatment,
accommodation, etc happens because of major growth in inflation. Price
hikes play contributing factors too. Whenever total expenditures
increase, prices increase to maintain profits. Needless to say,
inflation and price hike affect each aspect of our demands accordingly.
The
Government should take both immediate and long-term steps to reduce
price hikes. Any syndicates of the businessmen are to be suppressed
boldly, and money inflation should be controlled. The agricultural
sector should be given priority in the annual budget. A the same time,
public awareness should also be raised against price-hike.
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