Write a paragraph on Price-Hike. Your paragraph must include the answers to the following questions.
- a) What is price-hike?
- b) What are the causes of it in Bangaldesh?
- c) What is the impact on it into our society?
- d) Who are the worst sufferers of it?
- e) How can it be controlled?
Price - hike in Bangladesh
Price-hike means an unusual increase in the prices of daily necessaries. Nowadays, it is a common phenomenon in Bangladesh and the problem is getting worse day by day. Market syndicate is mostly responsible for this price-hike in Bangladesh. Besides, some dishonest people store essential commodities with a view to making huge profit and thus contribute to increase prices, Other factors which cause price-hike are less agricultural production due to natural disasters, lack of raw-materials, want of speedy communication, political instabilities, money inflation in national level etc. Price-hike has created a deplorable condition in our society. Lives of the general public have been posed to a great threat. Prices of essential commodities have gone beyond the capacity of the poor and the fixed income people. More or less, almost people of all classes are suffering from the problem of price-hike. It is a problem which cannot be solved overnight. The Government should take both immediate and long term drastic steps to reduce price-hike. Any syndicate activities are to be suppressed boldly and inflation of money should be controlled. The agricultural sector should be given priority in the annual budgen At the same time, public awareness should also be raised against price-hike.