When will price increases end?

FE Team | Published: January 27, 2024 20:08:06

The relentless rise in prices of everyday essentials poses a significant challenge for low-income individuals, exacerbating their financial burdens. Once prices go up, they seldom come down, compounding the struggles faced by vulnerable communities. Unethical traders capitalise on this situation by creating shortages and inflating prices, further deepening the crisis.
The volatile nature of commodity markets underscores the urgency of sustainable solutions. Continual escalation in prices is unsustainable, threatening the stability of our economy and the well-being of our citizens. So, the government must intervene and implement effective measures to curb commodity price hikes.
The authorities concerned must play a pivotal role in regulating the market, ensuring fair pricing and preventing price manipulation. By instituting measures that promote transparency, discourage price manipulation, and foster competition, the government can mitigate the adverse impacts of rising commodity prices. Through collaborative efforts between regulatory bodies, industry stakeholders, and consumer advocacy groups, a balanced approach can be adopted to stabilise prices and safeguard the interests of all citizens.
Mostafizur Rahman,
A senior citizen
Farmgate, Dhaka