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Uncontrolled Price Hike: People in utter frustration

  • Staff Correspondent
  • 5th November, 2022 10:25:52 AM
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The lower-and middle-income people have been aggrieved by the skyrocketing hikes in the prices of daily essential commodities in the country.

The kitchen markets have witnessed frequent price hikes, causing great concerns among people.

The price of rice, flour, palm oil, soya bean oil, onion, lentil, ginger, garlic, potato, dry chilli and most of the vegetables has increased further this week.

Common people are not getting relief from the pinch of essential price hikes in the market.

The middle-class people are now returning home with empty bags in the wake of the soaring price hikes. The condition of the lower-income group is indescribable.

Due to the increase in the prices of the essentials, many consumers are buying less quantity of products than their demands. So, sales have also decreased, said M Roman, a shopkeeper in Mohammadpur area of the capital.

Many fixed-income people have been facing troubles with their monthly expenses due to the hikes in the prices of most essential commodities.

The prices of 16 food items have increased while that of only four decreased this week in the capital, according to the Trading Corporation of Bangladesh (TCB) data.

Fine rice price has increased by 1.45 per cent in a week and was sold at Tk 65-75 per kg, and medium rice price increased by 1.85 percent and was sold at Tk 52-58 per kg.

Loose flour price has increased by 1.77 per cent in a week and was sold at Tk 55-60 per kg, packet flour price increased by 2.50 per cent in a week and was sold at Tk 60-63 per kg.

The price of a five-litre bottle of soybean oil has increased by 0.58 per cent in a week and was sold at Tk 850-880 per bottle and loose palm oil price increased by 1.27 per cent in a week and was sold at Tk 115-125 per liter , TCB said.          Lentil price has increased by 1.50 per cent in a week and was sold at Tk 98-105 per kg, chickpea price increased by 6.67 per cent in a week and was sold at Tk 75-85 per kg, potato price increased by 1.85 per cent in a week and was sold at Tk 25-30 per kg, local onion price increased by 9.52 per cent in a week and was sold at Tk 55-60 per kg.

The imported onion price has increased by 4.76 per cent in a week and was sold at Tk 50-60 per kg, local garlic price increased by 10 per cent in a week and was sold at Tk 75-90 per kg, imported garlic price increased by 4.35 per cent in a week and was sold at Tk 110-130 per kg and ginger price increased by 17.31 per cent in a week and was sold at Tk 120-185 per kg, according to TCB.

Meanwhile, the edible oil market turned unstable again after the fall a month ago. Companies have already reduced the supply of oil to the market after proposing to the Ministry of Commerce last Tuesday to increase the price of soybean oil by Tk 15 per litre.

The price of five-litre soybean oil has increased by Tk 10 and was sold at Tk 890-895 per liter at the retail shop at Mohammadpur, Mirpur-6, Shewrapara and Kuril Bishwaroad area.

 The prices of most of the winter vegetables have increased further this week.

The supply crunch has increased the vegetable prices at the kitchen market, said most traders.

The price of pointed gourd was Tk 60 per kg, cabbage and cauliflower were TK 60 per piece, tomato was Tk 150-160 per kg, the bitter gourd was Tk 90 per kg, green papaya was Tk 50 per kg and green chilli was Tk 100 per kg.

Yardlong bean was sold at the previous high price of Tk 80 per kg, okra was Tk 70 per kg, gouard was Tk 60-70, cucumber was Tk 80-90 per kg, brinjal was Tk 90-130 per kg and bean was Tk 120 per kg, sponge gourd was Tk 70 per kg and snake gourd was Tk 60 per kg.

The price of Sonali chicken remained previous high of Tk 320 per kg and layer chicken price remained at the previous high of Tk 290-300 per kg. The price of broiler chicken was Tk 180-190 per kg.

The price of farm eggs was Tk 140-145 per dozen while duck egg price was 195-200 per dozen.

The price of beef was Tk 700 per kg and mutton was Tk 900 per kg.