Capitalising on the demand of the general consumer and increasing the price by reducing the supply of goods in the market in the hope of extra profits has been going on for a long time. Even in the early stages of lockdown, low quality products were being sold at high prices.
Unscrupulous traders are able to destabilise the market like this due to the absence of regular supervision. Although much has been said about getting rid of the syndicates, so far, we have not seen any meaningful results. Unless the government takes stern action against such corrupt traders, their illegal activities will not stop.