Essay increasing prices

The impact of the problem is all the more serious because the rate of price rise far outstrips the increase in people’s incomes. Often the rise in prices is so great that the real worth of incomes actually declines, despite the increase in income figures.

Long Essay on Rising Prices/Price Hike is usually given to classes 7, 8, 9, and 10. Economists consider a rise in prices as a sign of development and prosperity. But in the last two decades, costs of almost all the essential commodities have been rising at an alarming rate.

According to experts, in a growing economy, some increase in prices in inevitable. It is only when such increase becomes abnormal and persistent that politicians and economists feel obliged to sit up and take notice. Then they try to pinpoint the causes and begin their search for remedial measures to bring the situation back to normal.

Sometimes, there is no sugar, no kerosene oil, no cooking gas, nothing. The prices of petrol, cooking gas, kerosene oil and several other items of daily use are increasing every year. Not only that, the railway fares, air fares and bus and taxi charges are also increasing regularly.