COVID-19 has set off a wave of panic buying on a global scale. People rushed to the supermarkets to stockpile essential products that they fear will run out of stock due to the disruptions in the supply chain. Taking advantage of the panic in the air, some sellers’ immediate reaction was to increase prices, leaving financially disadvantaged citizens deprived of everyday essentials like toilet papers, or hygiene products like hand sanitizers, masks, and gloves.
During the early stages of the pandemic, our engine caught some extreme price changes on the products we’ve been tracking for our users, and we wanted to share them with you.
If you’re wondering what’s going on in other markets, check out our US and UK online market reports!