In mid-march, the COVID-19 pandemic set off a wave of panic buying and hoarding in the US market. Supply shortages combined with unusual demand for certain products led to massive increases in their prices.
Since then, governments, online marketplaces, and manufacturers have been working hand in hand to combat price gouging in order to protect vulnerable citizens in times of financial difficulty.
Nevertheless, while our engine was monitoring the products our customers were tracking we spotted these ten massive price changes that blew our minds and we wanted to share them with you.
Medical face masks had sold out faster than a speeding bullet, followed by a surge in demand for these safety masks that are originally designed to protect workers against gases, mist, and fumes.
Naturally, the surge in safety respirator sales brings a spike in demand for mask filters and a subsequent price increase.
Many sellers ran out of stock due to the unusual spike in demand for toilet papers.
Newlyweds celebrating in interesting ways…
Finally, the royal tissue that comes with a royal price tag.
Which price hikes caught your eye? How do you think COVID-19 impacted online prices?
Let us know what you think!