Some European countries consider price caps on groceries and energy

Officials in parts of Europe have discussed or introduced price caps on groceries and energy to address inflation concerns. A business executive described one proposal as "potty," while the chief executive of a major retailer called similar ideas "completely preposterous."

Romania and Croatia have introduced price ceilings and margin controls on certain goods.

Economic context and outcomes Officials have pointed to past examples where price caps were used during supply shortages. In one case, food inflation reached 76 percent after controls were applied. Free markets have produced goods at prices consumers accept without additional government intervention, according to the reporting.