consumption of the poor and move resources away from India's general population to finance war spending, leading to price increases that dramatically diminished people's consumption of food. The rise in prices was "not disturbing" until 1941, when it became more alarming. Then in early 1943, the rate of inflation for foodgrains in particular took an unprecedented upward turn. Nearly the full output of India's cloth, wool, leather and silk industries were sold to the military. In the system that the British Government used to procure goods through the Government of India, industries were left in private ownership rather than facing outright requisitioning of their productive capacity. Firms were required to sell goods to the military on credit and at fixed, low prices. However, firms were left free to charge any price they desired in their domestic market for whatever they had left over. In the case of the textiles industries that supplied cloth for the uniforms of the British military, for example, they charged a very high price in domestic markets. By the end of 1942, cloth prices had more than tripled from their pre-war levels; they had more than quadrupled by mid-1943. Much of the goods left over for civilian use were purchased by speculators. As a result, "civilian consumption of cotton goods fell by more than 23% from the peace time level by 1943/44". The hardships that were felt by the rural population through a severe "cloth famine" were alleviated when military forces began distributing relief supplies between October 1942 and April 1943. The method of credit financing was tailored to UK wartime needs. Britain agreed to pay for defence expenditures above the amount that India had paid in peacetime (adjusted for inflation). However, their purchases were made entirely on credit accumulated in the Bank of England and not redeemable until after the war. At the same time, the Bank of India was permitted to treat those credits as assets against which it could print currency up to two and a half times more than the total debt incurred. India's money printing presses then began running overtime, printing the currency that paid for all these massive expenditures. The tremendous rise in nominal money supply coupled with a scarcity of consumption goods spurred monetary inflation, reaching its peak in 1944–45. The accompanying rise in incomes and purchasing power fell disproportionately into the hands of industries in Calcutta (in particular,