Prolonged lockdown pushed up grocery bills: Survey
Live MintNEW DELHI: Consumers paid more for essentials and groceries during India’s lockdown that started on 25 March as discounts and promotions, typically offered by retailers, went missing during the initial phases of the curbs that disrupted availability of supplies, a survey by LocalCircles has found. Consumers paid more during the lockdown than they did before this period because of reduced discounts offered by retailers and traders and not on the back of price hikes by FMCG companies, LocalCircles, a social media and community platform, said on Tuesday. Of those surveyed, LocalCircles found that 25% consumers paid a similar price for goods purchased prior to and during the lockdown; 49% of those surveyed said they paid higher prices as discounts were lower once the lockdown commenced. But during the lockdown, retailers as well as e-tailers minimized or eliminated the discounts they offered, forcing consumers to shell out more for the same products," LocalCircles said.
History of this topic
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