Raising prices since that's the perception

[Petal to the Metal]

Even though many businesses utilize a pricing cycle, there seems to be a broad assumption that prices have gone up across the board due to the coronavirus pandemic. I have had customers bring it up and I've been unsuccessful at stopping that perception, so I finally just raised my prices. Have you noticed the same attitude? This idea that your goods and services have gone up when you hadn't raised prices at all?

 

[Locksmith]

All Covid has done is raise the demand of certain products by people hoarding things like TP and guns. When demand rises, so do the prices. Supply and demand is all this is.

 

[leon]

All Covid has done is raise the demand of certain products by people hoarding things like TP and guns. When demand rises, so do the prices. Supply and demand is all this is.

Good point there, yet I've been wondering if there has been a rise in demand during the pandemic? Perhaps there was a rise in demand for some agricultural produce, but at times, price fluctuations occur, often outside our control.