write down the reason for the price hiking?
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With regard to the factors contributing to the rise in the general price-level, one may mention that on the demand side the following factors have operated: rapid growth of population, increase in incomes, rising non-development expenditure of the government and increase in money supply.
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countable noun. A hike is a sudden or large increase in prices, rates, taxes, or quantities. [informal] COBUILD Advanced English Dictionary.
The other major reason for price hike is more money chasing less goods. There is a shortage of goods due to hoarding, curtailing and supply constraints. The Commerce Department last week raided some of the godowns in the valley on the charge of hoarding.
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