Different types of products are constantly needed for survival, but currently the price hike of these products has caused suffering in our lives. Society and economy, people have to buy those goods for a certain price. If the price of a product goes beyond the purchasing power of the common man, then the situation that arises, we call the product price hike. The problem of price hike has taken shape that it has become very important for various exams including ssc, hsc. Here, we’re going to present price hike paragraph for different classes.
Price Hike Paragraph in 250 Words
One of the major problems of our country is price hike or the rising cost of goods. This is a huge problem in a country with a weak economy like Bangladesh. Traders are increasing the price of various products for their own benefit. As a result, apart from the low-income people, the middle class is also failing to meet their needs. Generally, excessive increase in the price of a commodity is called inflation. Unexpectedly, the prices of products are continuously increasing at present. As a result, the people of our country have to suffer.
Although the price of goods is continuously increasing, people’s income is not increasing in comparison. As a result the life of low income people is becoming difficult. Rising prices are having a devastating impact on the lives of low-wage workers and students living far from their families. Therefore, it is important to take initiative regarding the increase in commodity prices.
Usually, TCB determines the prices of our daily necessities but the part of the rice provided by TCB is also consumed by some opportunists themselves instead of distributing it to the common poor people. It has a terrible effect on the common people. Thus the upper classes are getting richer and the lives of the middle and lower classes are becoming poorer.
The reasons for this rise in commodity prices are the addiction of traders to excessive profit, illegal stocking of any commodity, shortage of raw materials and fuel for the production of foodstuff or daily necessities of the market, not setting fair and fixed prices, reluctance to monitor the market, etc.
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Price Hike Paragraph for SSC
Generally, an increase in the price of a product is called price hike. Unexpectedly, if the price of a commodity continues to rise, the life of the common man becomes difficult. This is a huge problem in a country with a weak economy which is beyond the control of the government. Traders are increasing the price of various products for their own benefit. This dire situation in the commodity market did not happen in a day or two. The unbridled jump in commodity prices relative to income has left middle and lower income people struggling to make ends meet. Prices of rice, dal, oil and other daily commodities are increasing rapidly. It is the responsibility of the government to ensure that products are readily available to consumers. For this, the government has to carefully monitor the entire situation and take urgent measures to control the price of goods.
Price Hike Paragraph for HSC
Commodity prices are inextricably linked with lifestyles, so it is very difficult for a person to cope with abnormal price hikes. How a family conducts their daily life depends on their income, needs and commodity prices. When the price of every necessary commodity is at a tolerable level and within the purchasing power of the common people, they live comfortably.
On the other hand, when the prices of daily necessities become disproportionate to the financial stability of the common man, poverty, starvation and family turmoil prevail in poor and ultra-poor families. Therefore, due to the increase in commodity prices, on the one hand, the black shadow of suffering descends on public life. Conversely, there is a chaotic situation in the country due to profiteers and black marketeers.
Strict warnings are given, and various initiatives are also taken. But unscrupulous traders are very powerful, they are always out of touch. Some unscrupulous traders have increased the prices of goods despite the government’s repeated warnings, trying to destabilize the market. So, it is necessary to take special steps of the government to control the market along with the steps taken to give new momentum to the national economy.
Conclusion
Hopefully, you’ve got a clear idea about the price hike paragraph. Rising commodity prices is currently one of the major national problems in Bangladesh. It is not possible for the government alone to solve this problem. Now is the time for the government and the people at all levels to put a stop to the continuous increase in commodity prices.
