Online retail prices of consumer goods have seen a net 7-10 percent correction following the September 2025 Goods and Services Tax (GST) rate cuts, according to an analysis by QuantEco Research.

Despite partial reversals, QuantEco notes that the overall impact remains meaningful, “A 7-10 percent correction in prices on a net basis so far, being considerable.”

The report adds that the impact of GST price cuts could linger beyond one inflation print, and that a clearer picture will emerge by the end of calendar year 2025.

The survey has been based entirely on Amazon price data. The analysis tracked price movements between September 1 and early November 2025.

The report — “GST induced cuts: Price discovery continues” — finds that the median price reduction immediately after the GST cut wa

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