The rise of inflation and price measures in Europe – Reviewing measures of European governments aimed at taming consumer prices
European consumers faced with a serious increase in consumer prices over the last few years. The inflation rate for foodstuffs, hovering usually around 2-3% per year, underwent a huge increase peaking at more than 19% in March 2023. As inflation hit everyone, but especially those with low income, it was a natural response from national governments to introduce various measures trying to tame the skyrocketing food prices. Measures ranging from articulating government expectations to firm price caps were introduced across Europe, varying from state by state. Some states applied (or continue to apply) multiple measures at the same time.
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