Why are fixed-income groups struggling to cope with inflation?

People of low, medium, fixed income groups as well as small traders are struggling to make ends meet. Rising food prices are crippling small businesses and pushing families to the brink.

The situation is dire, and urgent action is needed to alleviate the burden on our fellow citizens.

The government’s Open Market Sale (OMS) programme, designed to cushion the impact of soaring prices is commendable.

However, the long queues and limited supplies at OMS shops are leaving many empty-handed, exacerbating their hardships.

However, the distribution of essential commodities sold through OMS must be managed efficiently and without corruption so that eligible people can access these items at a low price.

Abul Kashem, 55, a small business owner, epitomizes the struggle faced by many.

His daily sales have halved in the past year, making it increasingly difficult for him to provide support for his family.

So leaving from OMS trucks empty-handed after a long wait underscores the urgency of the situation.

The latest data reveals a staggering 12.56 per cent food inflation in October, the highest in at least a decade.

Essentials like fine rice, lentils, potatoes, onions, and chicken have witnessed alarming price hikes, making it an uphill task for ordinary citizens to secure their daily sustenance.

We ask the government to take swift measures to enhance the supply chains for essential commodities, ensuring a consistent and sufficient stock at OMS and TCB shops.

Authorities should implement transparent pricing policies to curb unjustified price hikes and ensure that the benefits of subsidised goods reach the intended recipients.

We also ask community people to come up in support of the vulnerable populations, ensuring that no one is left without access to affordable and essential food items.

Long-term economic measures are needed to address the root causes of inflation, promoting economic stability and resilience.

It is our collective responsibility to stand in solidarity with our fellow citizens facing the brunt of these economic challenges.

Let us raise our voices, urging authorities to take immediate and effective action to ensure affordable and accessible essentials for all.

The social fabric must be strong and united, no matter what the government is doing. We can build a more resilient and compassionate society through our support for the community.