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Price Hike Paragraph easy word used for all class
Price Hike
Price-hike means an unusual increase in the prices of daily necessities. 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 profits and thus contribute to increased prices. Other factors that cause price hikes are less agricultural production due to natural disasters lack of raw materials, want for speedy communication, political instabilities, money inflation at the national level, etc. Price-hike has created a deplorable condition in our society. Lives of the general public have been posed too great a threat and 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 that 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 agriculture sector should be given priority in the annual budget. At the same time, public awareness should also be raised against price-hike.
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