Story: 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

Using this item

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.

All images & media in this story

How to cite this page:

Adolf Stroombergen, 'Prices and inflation - Controlling inflation', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/cartoon/23088/maximum-retail-price-mrp-scheme (accessed 21 February 2020)

Story by Adolf Stroombergen, published 11 Mar 2010