Price hike means the rise of price
of daily necessaries. Today price
hike is a common phenomenon in
our economy. The price of
essential commodities is
increasing by leaps and bounds.
The causes of price hike are
many. Hoarding is one of the
important factors for soaring
price level. People hoard the
essential commodities with an ill
motive and as a result there is
break down in the supply.
Smuggling and black marketing
are also important factors that
cause price hike. Essential
commodities are always being
smuggled across the border.
Shortage of supply due to low
production also accelerates the
price hike of essential goods. Our
population is increasing in
geometrical progress, while the
supply of food increases in
arithmetical progress. For this the
supply of goods is very scanty in
comparison to our demands.
However efforts should be made
and necessary actions and proper
measures should be taken to
tackle the situation. Hoarding
should be controlled. Smuggling
and black-marketing are to be
eradicated. Adequate supply of
essential commodities is to be
ensured. And last of all
government should launch
programmed to tackle the price
hike problem.