Cause and Effect: Price Spiral / Price hike in Bangladesh
When the prices of the daily necessary commodities go high compared to the normal range, it is called price hike or price spiral. Actually, it is the situation of beyond capacity of the people to buy daily essentials. Every day the prices various necessary commodities are increasing. However, there are many reasons for price hike. Firstly, our population is growing rapidly. But our land is limited. As a result crops are not growing according to our demand. Secondly, sometimes natural disasters like flood and draught are responsible for price hike. There are also some dishonest businessmen who always try to buy crops in cheap rate at the beginning of the season. After then they create an artificial crisis situation in the market and sell crops at higher price to make illegal profit. Consequently, there occurs price hike. Apart from these market syndicate, hoarding, black market and political unrest are responsible for price spiral. The rising situation of prices in the market affects the general people very seriously. As most people of our country live below the poverty line, they cannot afford to keep pace with the rising condition. So, sufferings of them know no bound. Children also suffer from malnutrition for price for the want of balance diet. It is imperative to control the price hike at any cost. In a word, day to day life becomes very tough for the common people.
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