Learn English: Croatia Battles Soaring Prices with Price Controls (hard)

15 hours, 48 minutes ago

Croatia Battles Soaring Prices with Price Controls

Facing rising prices and consumer protests, Croatia's government has implemented price controls on essential goods.

This echoes a failed attempt by Roman Emperor Diocletian to control inflation centuries ago, resulting in shortages and a black market.

The new Croatian measures cap prices on seventy common grocery items, with hefty fines for violators.

Whether this approach will succeed remains uncertain, mirroring the historical precedent of Diocletian's unsuccessful edict.

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Source

Original: The New York Times

Tags

#Croatia #Price Controls #Inflation #Economics #Diocletian

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