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I think widespread panic hording of essentials triggered by the other shortages/price increases.
by jimlikeslimes 5y ago
I think widespread panic hording of essentials triggered by the other shortages/price increases.
- iovrthoughtthis 5y agoTrue, the panic hoarding almost certainly wasn't restricted to foods only. See toilet paper hoarding early in the pandemic.
- Ayesh 5y agoYou can't hord if you don't have money. The local Rupee was depreciated a lot, and the food prices have gone up 20-30% to a point that it is simply too expensive to hord things. There are some loosely imposed rules that one cannot buy more than 5kg of rice per turn, etc. But I don't see people actively hording things. The long lines are likely because a shop is only allowed to bring in 2-3 customers at once.
- imtringued 5y agoIf your money is worth less tomorrow you will spend it today. If CPI inflation is really high, that means people will try to empty the shelves before prices have adjusted. This is why moderate inflation around 2% is good because it stops hoarding of money and why inflation above 10% is destructive because people start hoarding goods.