Paragraph About Price Hike

Price hike means an exorbitant price of essential commodities. It rises beyond the purchasing capacity of the toiling masses. The vast majority of the consumers are very badly affected by continual hike in prices of the daily necessaries. Price-hike is caused by short supply of commodities and inflation. The price-hike that results from the short supply of commodities is temporary. The prices come down if their supply is enhanced. But the price hike caused by inflation cannot be controlled by easy efforts. Whatever may be the cause price-hike brings about a lot of hardship and suffering to the common people. They become the worst sufferers as a result of price hike. They find it difficult to make their both ends meet. The poorer sections of the people are hard hit. Price hike leads to widespread corruption and moral degradation. This problem can be solved by ensuring the adequate supply of commodities in the market and by taking stringent action against the corrupt traders who are in the habit of hoarding things to derive excessive profit. All concerned must make concerted efforts to check price hike immediately.