Is price hike a new global crisis?

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Date: 31st May, 2022. Tuesday

Hello family. A great day to start and share my feelings. I'm in my office while having a coffee mug in hand. A few moments ago I was reading the newspaper where the actual news came to me in a form of tension. The price hiking news. Let's be honest. No one needs it, right? Price hike is a curse for everyone. Every sphere of life feels uncomfortable with it. Because maintaining livelihood in this era is tough and price hike of products only make it worsen. We really need to fix it but before we could fix it, something raise the bar again. So if you ask me, what is the thing which I'm worried about, I would definitely answer about price hiking. Well, let's discuss about this matter. I'm your host with you. Let's go.

Nowadays it’s a common incident in every country. When you open a news channel to listen news, a huge part of it is related with it. The graph is displayed where prices of things are given and then the news reporter explains everything and compares the price tags. People like you and me, we just see it and a deep breathe comes out from the lungs. We know that the life will be more struggling with that news.

source: unsplash.com

Those who don’t know what price hike is, let me tell you that it means the increasing price rate of regular things. Those things that are necessary in our daily life. This problem is not a national issue now. It is the global issue and the entire world is facing the problem. For example, price of oil is increasing by leaps and bounds. Per barrel, the price varies from country to country. When we buy it in litres, we face the heat of it. Per litre the price increases half more of the regular price. The effect is seen in travel, transport and food habit.

Now, what is the reason of it? Price hike is such a situation which is controlled by human around 95%. It means some selfish, greedy, extra profit gainers create fake shortage of products in the market & rumours are spread about it. It is enough to create the chaos and panic in public. They start buying things and stock them in house. Now, this creates the actual problem and price hikes. Then comes the short supply. The market suddenly witness the vanishing effect. The price hiked products are less seen in market. The stocked products are sold in double or even in triple price. That's injustice but no one is there to solve it. The hike causes a lot of problems because the price hike caused by inflation cannot be controlled by some easy efforts. Because the syndicate controls everything about market.

Mid and low earning people face the heat most. They are the worst sufferers. It doesn’t matter what is the reason but it causes a lot of hardships and sufferings to them and specially for them who lives hand to mouth. The people whose income is fixed cannot handle the situation. He has to over think about it. His family starts to reduce the usage of that product which applies negative impact on them. In the end of the month, they find it difficult to make their both ends meet.

Source: unsplash.com

The government should take necessary steps to prevent this problem. Proper measures and double check of products should be mandatory in every market to maintain the price rate and stop black marketing. This is a global problem like nature getting warmer. The people around the world are suffering with it. No time to stay calm and wait because everything has a reaction. If people suffer, they revolt. Is there any country ready for it? Just look at Sri Lanka. You will have the answer. In the end, I must request everyone to avoid rumours and buy only the necessary amount of things. Because your grabbing nature will inspire others to do so and that is also a reason of price hike. Be alert dears.

Thanks for being with me.

©Lucifer01

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Comments

Prices are getting higher every day. I'm still relaxed about it, but I wonder from time to time how far it will go. There is currently a shortage of sugar in my country and politicians are scaring us that a cold winter awaits us because there will be no electricity and heating.

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2 years ago

I think one of the reasons for the international hike in price is majorly caused by the Russia's invasion of Ukraine

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2 years ago

The price hike affects a lot of people, imagine buying foodstuff for a certain amount yesterday and coming back the next day to see the price be 2× the price you bought it yesterday.

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2 years ago

Enjoy your coffee time, my friend. Definitely price increases. too bad. There is a greedy, stockist type of person in every society. this is due to bad management

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2 years ago

This days prices keeps on increasing especially the fuel that still had it's effect because of the war in Ukraine

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2 years ago

It seems that price increases will be difficult to prevent because this is one of the effects of inflation.

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2 years ago

Quite a global crisis indeed. We need to be versatile but still keeps on moving. Changing world and changing environment, if you won't embrace change we'll be hungry to death. It's just a sad reality, even finding an alternative will still be a hard choice because everything is on price hike

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2 years ago

This is a worrying situation brother. Now everyone is worried about it, poor and rich everyone is affected by this. Let's hope for the best.

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2 years ago

As you said, it is a global problem and it is felt more in foreign-dependent countries. Prices are rising, labor and purchasing power are falling.

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2 years ago

It's increased 10x here in my country just a few days back increased like 30 extra rs for petrol and it's happenings globally can't say crisis but moving towards a new era.

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2 years ago

Here in the Philippines we are not only suffering from the increase of prices of any goods but also from the increase of electric bills. That becomes now a global crisis.

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2 years ago

Brother it becomes more panic when price decreased and products are gone from market at that price. Price flactuation is continously pain in every country.

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2 years ago

I am really afraid what might come next my friend. I fear for my kids when its time for them to wander on the world

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2 years ago

Consumers must be united for the reason of reaching the desired price of goods. We must not all buy in bulk as it creates panic.

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2 years ago

The world is really chaotic now, we all see and feel how this price hike affects our daily living as of now.. it's really saddening.

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2 years ago

It is becoming dangerous day by day. Especially in our country. I saw a news yesterday that price of rice is increasing. It will make very bad consequences. If price of rice increased then lower income people will suffer a lot.

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2 years ago

It's a serious epidemic in Nigeria and political elites are aggravating the situation by the day.

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2 years ago

I think the war situation as well as corruption has caused price hike especially in Petrol rates

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2 years ago

That's just the beginning. The "fruits" will come later. People buy for "spare" . Due to the situation in the world, people start to panic, so they buy up anything and everything.

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2 years ago

Exactly, dear Lucifer, these days we are witnessing rising prices and recession all over the world. In our country, prices also increased unexpectedly. As you said, the people's uprising began. In the meantime, governments must support the people, otherwise these uprisings will intensify, because the people are hungry now. As you said, we have to buy as many goods as we need, and refrain from storing them.

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2 years ago

The price hike is a global crisis in every country around the world, we had one here a few days ago where my mom went to fill our gas for $1.50 and could you believe the price right now is $2 which isn't fair at all, sorry I had to use the gas as an example.

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2 years ago

I have been observing the same lately and it is honestly scary and horrifying to see what the world leaders are doing against common folk.. Feel so bad for countries like Sri Lanka right now and it is about time to take actions against capitalists

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2 years ago