Out of Loop - Please give me some updates!

So remained out of touch with the tech scene for a couple of months. When I come back, all I see is inflated prices.

If I remember correctly, the Ryzen 1600x was priced at (during launch) ~ ₹16000. But the current price is almost ₹19000.

When and why did this happen? GST cannot increase the price this much. What leads to this drastic increase?

Thanks in advance.