Price-Hike

of daily necessaries

Group Members
1. Yasin Hasan Suzon
ID 13-24440-2
2. Zahid Hossain Bhuiyan
ID 13-24413-2

What is Price Hike..?

Price hike means the rise of price of daily necessaries
When the cost of something becomes far more expensive than its
original price is known as price hike

Is this something to worry..?

If the price rise faster than the income of general peoples, life can
get pretty hard easily.
According to World Bank Rising food prices have driven an estimated
44 million peoples into poverty in developing countries like
Bangladesh.

Reasons of Price Hike

1.
2.
3.
4.

Market Syndicate
Transport Cost
Corruption
Smuggling and black-marketing

Reasons of Price Hike

5.
6.
7.
8.

Shortage of supply
Natural disasters
Lack of food production
Increased price of essential elements

Effects of Price Hike

Deplorable condition in society
Peoples are driven into poverty
Poor peoples are now helpless in the question of survival

Global price-hike & its impact

on Bangladesh
1. Government has to take loan for purchasing food from the world
market
2. Government is facing loss
3. Rising prices on the global market will push up the average
purchase cost

Global price-hike & its impact

on Bangladesh
4. More people may be driven into poverty
5. The inflation may already increased
6. Peoples are gradually losing purchasing power

Ways to prevent Price-Hike

1.
2.
3.
4.
5.

Syndicate activities are to be suppressed boldly

Inflation of money should be controlled
Government should emphasize on the increase of production
Agricultural sector should be given priority
Public awareness

What is government doing

1.
2.
3.
4.
5.
6.

Imports products from abroad

Gave free fertilizers in recent years
Decreases price of rice, dal, sugar etc. for poor peoples
Producing products themselves
Try to raise awareness
Giving penalty to guilty about price-hike

What is E-governance doing

1. Raising Awareness
2. Telling peoples about their right
3. Taking control
4. Knowing about the condition

Conclusion
Price-hike is such a problem which cannot be solved overnight. The
government should take immediate and long term drastic steps to
reduce price-hike.