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Can i have your list of valid countries to choose from so that my answer doesn’t get disqualified for picking a third world country.
a maximum retail price exists for most if not all goods in India. And it helps slow down inflation.
India would be perfectly valid if it wasn’t experiencing high inflation just like everyone else. Which it is.
https://finimize.com/content/rbi-chief-urges-india-to-cut-inflation-despite-strong-growth
You can’t fix inflation just by setting a max price. It leads to shortages or (more common in India’s case) retailers finding loopholes:
https://www.thehindu.com/opinion/op-ed/maximum-retail-price-is-an-archaic-dysfunctional-mechanism/article7452745.ece
Didn’t say it solves inflation. You cant stop a global phenomenon happening. You can ease it.
Here’s India’s inflation chart for the past few years: https://www.equentis.com/blog/wp-content/uploads/2023/10/image-87.png
Here’s the US: https://fred.stlouisfed.org/series/MEDCPIM158SFRBCLE
They aren’t easing anything.