The current price hikes of essential goods increasingly are burdensome to many consumers. Goods such as bread, rice, wheat, chicken, meat and cooking oil prices are increasing at an alarming rate all over the world and this are causing difficulties to many consumers.
The current price hikes of essential goods increasingly are burdensome to many consumers. Goods such as bread, rice , wheat, chicken, meat and cooking oil prices are increasing at an alarming rate all over the world and this are causing difficulties to many consumers. Among the reasons given by merchants are the high cost of living and the current world economic slumps which have been affecting the prices, The fact is that the rising prices causes inflation as well as the difficulty faces by consumers. Hence proactive steps should be taken by all parties before merchants can raise the price of essential goods and services indiscriminately.
However this article would not discuss what steps the government can take because the authority already have overpaid economic adviser to help them make policy.
Consumers should use their buying power to beat merchants. Consumers of every nation must be a smart consumer. They should be aware of what is happening. Consumer should not only blame the government to the government for the price hike. The fact is that consumer buying power are much greater to influence the market situations. Consumers can launch a campaign to boycott goods that have been come with unreasonable prices. Many consumers associations around the globe have launched campaign to boycott business premises that raise the price of daily necessities indiscriminately. These measures are the right of the people as consumers. Consumers should be knowledgeable about their rights as consumers. By way of boycotting certain business premises, the merchant will feel threatened and ultimately their businesses conform to bring down prices of essential goods to an acceptable range which would profit both side.
In addition, users also must conduct a review all selling prices and compare the price which brand would give better benefits. Consumers should always try to compare prices from several business premises, finding which merchants provide a better pricing will help the strained on the consumer wallet. Sometimes there are merchants that hold cheap sales on certain days. Indeed, the consumer should take the opportunity to buy cheap goods with bigger quantity. This can save the consumers expenditures on household good. Usually cheap sales event are held for short period therefore it is wise to planned your buying quickly. Consumers should be conscious of their rights.
In conclusion, all parties should equally help to control the price hike of essential goods. Governments should always monitor the conduct of every merchants and must be firm in their actions to eradicate irresponsible merchants during this economic slump.Consumers should also supports any consumers association campaigning to boycott the business premises that are hiking prices as they wishes. Hopefully the price of essential goods would decline if all parties play their role.
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Published in: Consumer Information