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Panic buying

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Title: Panic buying  
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Subject: Fuel protests in the United Kingdom, The War Game, Rationing, 2005 Jilin chemical plant explosions, Grangemouth Refinery
Collection: Human Behavior
Publisher: World Heritage Encyclopedia

Panic buying

Panic buying is the act of people buying unusually large amounts of a product in anticipation of or after a disaster or perceived disaster, or in anticipation of a large price increase or shortage, as can occur before a blizzard or hurricane or government decree banning a particular popular product such as incandescent light bulbs. These goods are bought in large amounts to offset a potential shortage or as an act of safety. While panic buying can result in a sudden increase in the cost of goods, it is distinct from looting as it does not entail theft or deliberate property damage.


Panic buying occurred before, during or following the:

Therefore, emergency planners advise that people should maintain a stockpile or pantry list at all times. This advice is intended to avoid excessive or last-minute purchases, which can put a strain on supply in times of shortages.


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