Price hike means rapid rise in the prices of the essential commodities. It is a major problem in our country, where the prices of the essential commodities are increasing day by day by leaps and hounds. The main items, whose prices have recorded an abnormal are clothes, rice, dal, onion, garlic, cumin, cardamom, sugar, oil, fuel and many other essential items. The main causes of the price spiral are overpopulation. hoarding, smuggling. black-marketing, insufficient production, shortage of food supply, etc. If both the producers and the consumers hoard the essential commodities, normal supply of them is bound to break down. So their prices increase abnormally. The smuggling of the essential commodities across the border is also responsible for price hike. Natural disasters like: food, drought and storm also cause the instability of prices in our country. Price hike is responsible for the indescribable sufferings of the people. It runs our economic growth. So the government should take some effective steps to control it Fair price shops should be set up all over the country. But mere establishment of the fair price shops will be of no avail unless the govt. engages its machinery to enforce proper and effective mansure ruthlessly so as to eradicate the causes of the malady of price spiral.
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