Extreme misery has descended on the public’s life recently due to a sudden increase in the prices of daily necessities. Needless to say, the price of most commodities at present is beyond the purchasing power of the buyer in general. There are many reasons for this sudden and unusual price increase. In this country, it is often seen that profiteering hoarders raise the prices of goods in the hope of making more profit. Another reason is the increase in the allowances of government employees. Even if a small part of the country gets such an allowance, as a result of it the bigger part of the society suffers. In the absence of proper policies of the concerned authorities, the prices of commodities are rising in the market. However, taking specific and effective steps regarding the price hike is still a long way off.
Such an unexpected price increase is not new in this country, though it is difficult to know the real reason behind the increase of prices of the daily necessities. The price hike usually starts from the miller’s and wholesaler’s godown. The people often get to know about the price increase when they go to the market in the morning. But in the case of most other countries of the world, people immediately react to any price rise. It is because the government there are accountable to the people. But in this country, it is unimaginable. Here traditionally, the people seem to have accepted the matter and the government also seems to be free from any liabilities. As a result, the scales of profit are heavy for the unscrupulous marketeers and profiteers.
Most families in our country are having low income. It is very difficult to fulfil all the family needs with a small income. The way commodity prices are skyrocketing day by day, it may soon lead to a famine in the lives of these low-income people. Poor class and lower middle-class people are starting to lose their temper due to the constant rise in prices. These hard-working people are not able to keep pace with their income due to rising commodity prices. People are already plagued with various problems, and the rise in commodity prices seems to have hit them hard. Extreme frustration has descended on the lives of not only low-income people, but also the middle and lower middle class. It has become urgent today to find out who is responsible for the rise in commodity prices. The concerned quarters of the government should come forward with necessary programs in this regard. Apart from that, there is a need to increase awareness among people of all walks of life. The dissatisfaction that is building up in the minds of the people due to the rise in commodity prices can turn into a mass explosion at any time. It is important for the higher echelons of the government and the concerned departments to take effective steps in this regard. Otherwise, it will be very difficult for the government to handle the situation. It is time to form an efficient and effective monitoring team to control the market. There is also a need to be aware of and control the unscrupulous syndicates responsible for the ghost price hike.
Mohammad Yasin Islam, student, Department of Sociology, Jagannath University