Price Hike Paragraph in English || Learning Paragraph The Easy Way

Price Hike

Price hike means the rise in the prices of essential goods. At present, it is a widely discussed issue in the price market all over the world including Bangladesh. There are many reasons behind it. Firstly, Short supply of daily goods and inflation are mainly responsible for price hike. Sometimes dishonest businesspersons and hoarders artificially raise prices to make more profit. The price hike may also cause due to floods and faults of rail and road communications. There are some bad impacts of it in our society. Price hike decreases our living standard and increases corruption in our society. Price hike increases the sufferings of the common people. The poor and the middle-class people of our society are affected by it. So, it has become one of the major problems all over the world at the present time. Nevertheless, the worst sufferers of it are those who live from hand to mouth. This problem must be solved. We also need to grow public awareness. Government, media, and educated people should come forward and take proper steps to control it.

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Price Hike of Essential Commodities

In our day to day life we are facing new kinds of problems. At present, price hike problem is one of them. It occurs when the prices of goods increase due to supply-side constraints. It also occurs as a result of increase in prices in the world. The hike or spiral in essential commodities usually occurs where there is a huge demand of a particular commodity. But it is a regular phenomenon in the country. Prices of essentials continue to gain almost every day. There are some bad impacts of it in our society. Price hike decreases our living standard and increases corruption in our society. Price hike increases the sufferings of the common people. The poor and the middle-class people of our society are affected by it. Nevertheless, the worst sufferers of it are those who live from hand to mouth. The constant rise in price contributes to the manifold problems of the poor. The country’s economy faces a meltdown for the reasons. What we need to do at first is to contain the price hike of essentials. For that, we must check the syndicated groups of businessmen who mainly increase the price of commodities. The government must take effective steps to grow more food. Food security must be ensured. Dependency on foreign loans at an exorbitant rate of interest must be decreased. Huge employment generation can also help beat true price hike.