My view on the high cost of items in my country

abdul-rakib (72)Friend | Verifiedin Steem4Nigeria • 2 months ago

^{An image of us protesting commodity prices}

Hello friends, rise in price of goods hampers the normal life of common man. In our country, the price of goods is rising due to several reasons. Some of these are inflation, low supply of goods, unscrupulous traders hoarding goods and raising prices to create artificial crises. Sometimes the prices of daily commodities go down but slightly less than the increase in prices. Today I am going to introduce some of the items of daily commodity price hike this year as compared to last year in our country.

What is the current situation in your country?, has the price of things increased in your country recently?

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The economic situation of my country is currently very fragile. Inflation caused by foreign debt and the release of excess liquid paper money into the market put the prices of daily necessities beyond the purchasing power of the common man. Essential commodities include rice, edible oil, pulses, fish, meat, eggs, vegetables, etc. Also, some other essential products are fuel oil, home accessories, fridge, TV, etc.

Mention 5 items in your country whose prices have increased. How much it was before and how much it costs now (it would be nice to see the price on Steam as well)

I will calculate in an earlier fiscal year without taking into account the contemporary depreciation of my country.

Name of the product	Amount	Pre-value and Steem Tokens	Current prices and Steem Tokens.
Rice	50 kg	2400 BDT - 120steem	3500BDT- 175steem
Refined sugar	1 kg	80BDT- 4steem	140BDT-7steem
Eggs	1 dozen	120BDT-6 steem	150BDT-7.5 steem
Cooking gas	12 kg	900BDT-45 steem	1400BDT-70 steem
Flour	5 kg	150BDT-7.5steem	250BDT-12.5steem

The price of this product has increased and stopped at the same place. But the price of vegetables sometimes skyrockets. For example, the price of seasonal vegetables including capsicum, onion, potato increases by 200-300 percent. Once the price of a product increases, it does not decrease, even if it decreases, it decreases by 20 to 50 percent. The cause of this price rise is the creation of artificial crisis, inflation.

How are you dealing with the difficulties in your country and what do you think is causing these difficulties?

Without increasing people's incomes, it becomes very difficult to keep up with the rise in commodity prices alone. There is nothing we can do to deal with these. Many times the consumer department from the government is monitoring the market but it is not effective. What we do as consumers is to adjust our income by buying less than before

Inflation and a powerful merchant syndicate are responsible for the rise in commodity prices I mentioned above. For their own interests, they hoard commodities, create artificial crises and inflate prices.

If you had the chance to leave your country for greener pastures, which country would you move to and why?

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I love my country but due to more corruption and corruption of ruling people, common people are not able to enjoy normal life as a result many people are planning to go to developed countries. If I had to choose a country, I would go to Switzerland. Among many countries, Switzerland is on my wish list. I will get my skills evaluated there and get good opportunity to become financially independent. Also I like the natural beauty there.

I invite you @joynalabedin @shohana1 @max-pro to participate in this competition.