Kōrero: Prices and inflation

Maximum Retail Price (MRP) scheme

Maximum Retail Price (MRP) scheme

In 1974 Minister of Trade and Industry Warren Freer attempted to restrict price rises by introducing a scheme which prescribed maximum prices for retail goods. It was not a success since it encouraged evasion and was highly bureaucratic. However the following year Freer proposed reviving the scheme, which the cartoonist Bromhead obviously regarded as a ‘dead horse’.

Courtesy of Peter Bromhead

Te whakamahi i tēnei tūemi

Alexander Turnbull Library
Reference: A-314-1-011
Cartoon by Peter Bromhead

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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Te tuhi tohutoro mō tēnei whārangi:

Adolf Stroombergen, 'Prices and inflation - Controlling inflation', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/cartoon/23088/maximum-retail-price-mrp-scheme (accessed 20 September 2020)

He kōrero nā Adolf Stroombergen, i tāngia i te 11 Mar 2010