Price Hike/Spiral

Price hike means an unusual increase in the prices of necessary things. It is a common experience in our country. The prices of necessary things are increasing by leaps and bounds. Prices rise all the time and seldom come down. It becomes difficult on the part of common people to maintain their daily expenditures. Our expenditures are increasing day by day, but our income is not increasing at the same time. There are various reasons for price hike: natural and artificial. We have a huge and ever-growing population. Our demand is always greater than our supply. This excessive demand leads to natural price hike. On the other hand, there are some dishonest people who always want to make money very quickly. They hoard goods and create artificial scarcity of goods in the market. The black marketers, smugglers also contribute to price hike. In our country, the middlemen between the producer and the customer take the lion's share of profit. The extortionists and the political parties collect money from businessmen and these aggravate the problem. Besides, money inflation, dishonest business, natural calamity, political unrest, excessive greed for money, lack of consciousness, corruption etc are also responsible for price hike. The govt. has a responsibility to check corrupt practices. Since price hike creates problems to most of the people, it should be controlled for the welfare of the common people. We must try to boycott a commodity that shows unnatural price rise.