Rising Prices is becoming an acute problem these days. One has to live from hand to mouth. It has made difficult for everyone to meet both ends. It has forced people to live a miserable life. Necessities are being sold at a great price. The hardest hit is the common man, that is, the average consumers and the below average consumers or we can say the middle class people and the poor people. Due to price rise, the purchase of essential commodities like pulses, rice, sugar or medicines etc is beyond the reach of one’s pocket. Not only the price is increased for the essential commodities, but also gasoline prices, crude oil prices, diesel prices are also rising high day by day i.e. Rising energy prices. Oil and food prices are causing inflation. What comes in one’s hand is only disappointment. Earlier, it was said that a poor can have chapatti and dal in his food but now, he can not even manage to eat two times meal a day. One of the main causesregarding rising prices is the population growth. Population of our country is increasing at an alarming rate. We have over 100 crore people living in India. Hence, there is a higher demand by people consuming more of the product. Other factors contributing to rising price are short fall in production, rising global population, ineffective distribution system, wastage, expenditure on luxuries etc. The effectsof the rising prices on the common man are as: He can have only limited amount of the commodities and necessities. A single salary is not enough to run a household. Modern living essentials are becoming a luxury for him. Poor people are not even able to buy daily food intake. There is a strong need of financial assistance to the poor, to provide subsidies and to increase the productivity so as to overcome the problem.
Please join StudyMode to read the full document