Price Hike: A great Concern
Staff Reporter, Motijeel, Dhaka, July 5, 2022:
The prices of basic commodities have escalated manifold, posing a significant threat to the masses.
During an inspection of various kitchen markets in Dhaka city, our correspondent observed that the cost of rice varieties ranged from TK 60-80 per kg in the retail sector, while prices of pulses were recorded between the ranges of TK 85-130 per kg. However, the cost of edible oil has soared to an all-time high. Palm oil was being retailed at TK 120-145 per kg, while soybean oil was priced at TK 172-196 per kg. In the preceding day, egg prices witnessed a steep rise in the city's kitchen markets, with the cost per four pieces (hali) amounting to 50-60. Moreover, the cost of chickens surged to 170-220 per kg due to the bird flu outbreak. Nevertheless, the prices of vegetables and sugar recorded a slight decrease in the kitchen markets during the last week.
A brief survey conducted in the kitchen markets reveals that if the trend of escalating prices is not curtailed, the consequences will be catastrophic. The low-income groups will be unable to afford daily necessities, leading to immense suffering. It is imperative to take cognizance of this issue and take timely action, failing which the country will face severe food scarcity.
Price Hike: Endless sufferings of common people
Staff Reporter, Dhaka, July 5, 2018: Price of essential commodities including rice, flour, chick-peas, sugar and edible oil increased in the city markets. The prices of fish and meat are stable but the price of vegetables is on the increase.
In different city markets, Sugar is being sold at taka 40 per kg which is 5 taka more than that of the last week. Flour and rice are also being sold in the increased rate. This nonstop price hike is badly affecting the life of the low-incomed people. Price of Soyabean oil rose by taka 10 per litre compared to the previous week's price level. Very recently, the government has fixed the new price of diesel oil and all other types of fuel oil which is also in an increased rate. According to the market-experts the rise in the price of fuel oil is worsening the situation. Though retailers are claiming again and again that there is shortage of supply in the market; they predict that a secret syndicate is acting behind this. A customer in kawranbazar market, while marketing, said to this reporter, "If this trend of rising of prices can not be controlled, people like us will have to die". He also said that, "Few monitoring cells are not sufficient to make the market stable". In spite of the assuring of the minister of the ministry of commerce; the prices of essential commodities are increasing day by day.
Rising Prices Plague Consumers
Sadman, Karwan Bazar, Dhaka. 23 March 2008:
The relentless surge in prices of essential commodities continues to cast a shadow over the economy of Bangladesh, posing significant challenges for the majority of consumers. The incessant price hikes, attributed to both short supply and inflation, have sparked widespread hardship and suffering among the populace.
Shortages in commodity supply often trigger temporary price hikes, with prices receding once supply levels stabilize. However, the persistent inflation-driven price hikes prove far more insidious, defying easy resolution and exacerbating the plight of ordinary citizens.
As prices soar, consumers grapple with the daunting task of making ends meet, forced to forgo many basic necessities essential for a decent standard of living. The most vulnerable segments of society bear the brunt of this economic strain, struggling to cope with the escalating cost of living.
Moreover, the pervasive impact of price hikes extends beyond mere financial strain, fostering an environment ripe for corruption and moral decay. As desperation mounts, individuals may resort to unethical practices to mitigate the economic burden, perpetuating a cycle of moral degradation.
Addressing the issue of price hikes demands concerted efforts from both governmental and societal fronts. Measures to bolster commodity supply and curb inflationary pressures are imperative to alleviate the burden on consumers and restore economic stability. Additionally, fostering transparency and integrity in economic transactions can mitigate the deleterious effects of price hikes on societal values.
In confronting the scourge of rising prices, collective action and proactive measures are essential to safeguard the well-being of the populace and foster sustainable economic growth.
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