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Ahead of Eid, exorbitant rates of essential items take toll on Srinagarites

‘Decontrolling of rates has been misused’
12:54 AM Jun 15, 2024 IST | Rabiya Bashir
ahead of eid  exorbitant rates of essential items take toll on srinagarites
Photo: Mubashir Khan/ GK

Srinagar, June 14: Ahead of Eid-ul-Adha, people of Srinagar are facing immense problems due to exorbitant rates of essential items.


Bakery products, mutton, poultry, and other daily necessities have witnessed a sharp surge in prices, leaving many consumers in financial distress.


This surge in prices comes amidst the absence of government regulations, allowing unscrupulous traders to exploit the situation and charge exorbitant rates.


Concerns have been raised regarding the impact of this deregulation on vulnerable segments of society, including low-income families and individuals already grappling with financial constraints.


Residents of Srinagar said that the sudden rise in prices has caught them off guard." It has become increasingly difficult to afford basic food items, let alone the traditional delicacies that are a part of our Eid celebrations,” said Abdul Hamid, a Srinagar resident.


Farooq Ahmad Khan, a resident of Downtown said that the prices of bakery products have increased significantly in the past few months.


“The cost of cookies, pastries and cakes has almost doubled, making it a challenge to provide for our families. This is especially disheartening as Eid is a time when we want to enjoy special treats with our loved ones,” said another resident.


The surge in prices has also impacted the availability of mutton and poultry.

Saleem Ahmad, a local said the cost of mutton and poultry has skyrocketed, making it unaffordable for many families to include these items in their Eid-ul-Adha feast.

The livestock traders in Kashmir are experiencing an unprecedented challenge in selling sacrificial animals ahead of Eid ul-Adha.

The markets, which are usually bustling with activity as people buy goats, sheep, and cattle for the annual ritual, have been significantly affected this year.

Many dealers have been facing difficulties in selling sacrificial animals, as there has been a decrease in the number of people purchasing them.

"The current inflation and financial instability have significantly reduced our purchasing power," said Ali Muhammad, a resident of Downtown Srinagar.

A senior official said a government regulation in Jammu and Kashmir is must as it is a consumer UT. “Decontrolling of rates has been misused,” he admitted.

“Import of essential items and a portion of poultry from other states could lead to exploitation by some traders,” they said.