Irish Examiner view: It’s time to talk about price controls

We are going to reach the end of the line in relying on the ability and willingness of the long-suffering public to suck up price rises, while companies rake in record profits

Companies are pushing the limits of customer patience by raising prices continuously and raking in record profits.

First, we had shrinkflation — the portion-and-packaging sleight of hand by which less is delivered to consumers in the hope they won’t notice.

Now we are experiencing greedflation, with companies pushing the limits of customer patience by raising prices continuously and raking in record profits. They are using, as camouflage, increased raw-material costs because of the pandemic and the European war. Costs are going up, but so are profits.