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There is no need for how many things we need every day to live our lives. The relationship between commodity prices and lifestyle is very deep. People buy various products from the market to meet their daily needs. And if such a purchase is not possible with the earned income of a person, then there is no limit to his suffering. When commodity prices rise, it becomes impossible for them to survive on this limited income. People’s life is disturbed today due to increase in commodity prices. Rising commodity prices, poverty, malnutrition, corruption and degradation add to the curse.
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Due to lack of balance between supply and demand, commodity prices increase due to artificial scarcity, hoarding, speculation, inflation and black market etc. It is not possible to provide the amount of people and people’s needs are increasing day by day. Furthermore, unscrupulous traders stock up on their misdeeds to exploit. As a result, the standard of living of ordinary people increases many times. Due to inflation, the prices of daily necessities also increase. As a result of the increase in commodity prices, various social problems are created.
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Activities such as corruption, cow adulteration etc. increase at a large rate in the society. An increase in commodity prices has a negative impact on the national economy. Agriculture, industry and import-export of the country should be improved to maintain the increase in commodity prices. It will be possible to control the price of goods if hoarders, black marketeers are strictly suppressed and inflation is kept under control.
paragraph price hike
Inflation refers to the increase in the price of daily necessities. When the price of daily necessities increases abnormally and goes beyond the purchasing power of the public, it is considered as a price hike or skyrocketing price hike. One of the problems in Bangladesh is the increase in commodity prices. There is no stability in the prices of our daily commodities. The price of every commodity is increasing day by day and it is increasing beyond the purchasing power of people.
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There are many reasons for the increase in commodity prices. Natural calamities are one of the reasons for rising commodity prices. In our country, price increase during Ramadan is a normal thing. It is a manipulation of a class of unscrupulous traders. Hoarding is mainly responsible for the rise in commodity prices in our country. Currently, prices of daily necessities are mainly increased due to syndicate business. The people of our country are living in endless hardship due to the increase in commodity prices. Low income people and poor people are the main victims of price hike. They are forced to buy low-quality food products as the prices go beyond their purchasing power.
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paragraph price hike
As a result they suffer from various diseases including malnutrition. Increase in commodity prices creates dissatisfaction in public life. The government should monitor the market price regularly and keep the price under control. More and more essential commodities should be imported through TCB and marketed at lower prices with subsidies if necessary. Hoarders and syndicate traders should be identified and punished severely. There is no alternative to the strict approach of the government and the application of fair laws to control the increase in commodity prices.
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