Is the price increase during Ramadan a seasonal trend or market manipulation?

As the holy month of Ramadan nears each year, it brings with it a predictable trend – an increase in the prices of essential goods, and the year 2025 has been no different. From staples like coarse rice, soybean oil, and potatoes to chickpeas, dates, and eggs, prices have been steadily climbing. This price hike phenomenon typically begins about a week before Ramadan, prompting consumers to flock to local markets and shops to stock up on goods traditionally associated with the fasting month.

In Dhaka city, just a week prior to this year’s Ramadan, consumers found themselves facing higher prices for goods like coarse rice, edible oil, chickpeas, dates, and eggs. This price surge has become an expected part of the pre-Ramadan shopping experience, with consumers bracing themselves for the impact on their wallets.

This seasonal surge in prices raises the question: is it simply a seasonal trend, a result of increased demand during Ramadan, or is there an element of market manipulation at play? The consistent nature of these price hikes year after year has raised suspicions among consumers who are left to wonder if there is more to the story than meets the eye.

While it is common for prices to fluctuate in response to shifts in demand, the timing and magnitude of the price increases leading up to Ramadan have led many to question the underlying reasons for these spikes. The timing of the price hikes, occurring just before the start of Ramadan when demand is on the rise, has fueled speculation about potential market manipulation.

Consumer advocates and watchdog groups have long been concerned about the impact of these price increases on the budgets of ordinary citizens, particularly during a month when many families already face heightened financial pressures due to increased spending on iftar meals and other Ramadan-related expenses. The annual price hikes have drawn attention to the need for greater transparency and oversight in the market to prevent any unfair practices that may be driving up prices.

As consumers continue to navigate the challenges of rising prices, it is essential for authorities to address the underlying factors contributing to these price hikes and take necessary steps to protect consumers from potential market manipulation. By enhancing monitoring and regulation of market activities, policymakers can help ensure that consumers are not unfairly burdened by price increases during this sensitive time of the year.

Ultimately, whether the price hikes leading up to Ramadan are a seasonal trend or a reflection of market manipulation, the need for greater transparency and accountability in the market remains clear. As consumers grapple with the impact of rising prices, it is crucial for stakeholders to work together to safeguard consumer interests and promote a fair and competitive marketplace for all.