Article on Price Hike of Essential Commodities: The Rising Cost of Living

By | November 30, 2022
Article on Price Hike of Essential Commodities

Article on Price Hike of Essential Commodities – Essential commodities like food and petroleum are on the rise in price, which is putting a strain on household budgets.

Write an Article on the Price Hike of Essential Commodities    

Write an Article on Price Hike of Essential Commodities edumantra

The prices of essential commodities like gas, pulses, vegetables, etc. are going up day by day. An LPG cylinder now costs around Rs. 1000. Pulses are selling around Rs. 100 to 150 per kg. Even such simple vegetables as potatoes and onions have gone beyond the range of the common man. Things that were easily available in plenty and at very reasonable prices have suddenly disappeared from the market. The poor consumer is left at the mercy of traders and shopkeepers.
They charge anything they like from the helpless consumer. There is no one who can check this exploitation and profiteering. The government is taking some measures but they don’t seem to be ample regarding the problems being faced by the common man. It is only such situations that lead to public unrest and ugly rioting situations. It is high time that the government should take some more suitable measures to bring down the prices of essential commodities. Strict action should be taken against hoarders and profiteers.
There is no real dearth of anything in the market. It has only been created. The government should not look the other way. It should be assured that people get all essential commodities at reasonable prices. The public distribution system should be geared up.

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Flue to unprecedented price rise and inflation, Indian people are not feeling well. They are leading their lives under tremendous pressure. Taking into consideration these points write an article on the topic ‘Unprecedented Price-Rise and Inflation’.

Unprecedented Price-Rise and Inflation edumantra

The unprecedented rises in the prices of food and essential commodities and the inflationary have not only crushed the poor and weaker sections but have also broken the backbone of the middle class. The irony of the situation is that all these things are happening after a very satisfying monsoon this year. Despite a bumper crop, the prices of vegetables, fruits, pulses and dairy products have touched the sky. Things have gone beyond the control of the government which keeps on feeding the masses on fall assurances.
In spite of all assurances of the Minister of Agriculture that prices of onions will fall very soon but the results have been to the contrary. Onions were sold at 100 a kg. Even potatoes and tomatoes have gone beyond the reach of the common man. The prices of pulses and edible oils and fruits tell the same pathetic story. There is no possibility of a letup in the near future.
The high prices of petrol and diesel make transport and freight charges still costlier. It makes the LPG cylinder costlier for housewives.
Hoarding and black-marketing have added to the woes of the people. The government has remained a meek spectator so far. It has given a long rope to the hoarders and profiteers and has been saying to take drastic steps against them. I wish that the old time returns back and people should not get bothered about simeple things also to purchase.

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People Also Ask:

1.What happens if commodity prices increase?
Commodity prices are usually a reflection of demand and supply. When demand for a commodity rises, the price will increase. When supply outweighs demand, the price will decrease.

2. What are the effects of price hike?
Price hike usually have three effects on people: first, it might motivate people to buy the product earlier to get the best deal. Second, it might make people switch to another product or brand. Third, it might cause people to wait until the prices go back down before they buy the product.

3. What are the main factors that cause a hike in prices?
There are a variety of factors that can cause prices to rise, including global economic conditions, inflation, availability of raw materials, and labor disputes. Sometimes natural disasters can also have an impact on prices.

4. How can we solve the problem of price hike?
There are a few ways to solve the problem of price hike-One possible solution to the problem of price hike could be to boycott products that are associated with a price hike. Another solution could be to gather information about the product and compare it to similar products, to find out if the price increase is justified.

5. What difficulties are caused due to price rise?
When the prices of some things go up, it can cause difficulties for people who need to purchase them. This might mean that people must forgo other things to buy the item that has increased in price. Additionally, those who cannot afford to pay the increased price might have to borrow money or cut back on other expenses.

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