Why capping food prices won't work – and will actually make things worse
- Written by Phil Lewis, Professor of Economics, University of Canberra
Australian shoppers are facing a crisis in the fresh-food aisles.
Iceberg lettuces that cost $2.80 a year ago have doubled, or tripled, in price. Brussel sprouts that cost $4 to $6 a kilogram are now $7 to $14. Beans that cost $5 to $6 a kilogram are now more than double – and five times as much in remote areas.
That’s if you can even...
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