The analysis builds on the extant literature in three ways: it covers the longest period of the lockdown; offers robust comparisons of means and variances of food commodities’ prices and the price wedge between them in different cities/market centres in Maharashtra during the lockdown relative to the pre-pandemic period; and finally gives a distillation of time-series analysis of co-movements of wholesale and retail prices between pairs of centre/wholesale and retail prices, mutual dependence of wholesale and retail prices, taking their lags into account, and their time-varying volatility.
