Skills to regulate administered prices are in short supply

Business Day - 16 September 2003

SHOULD SA have an inflation cap on increases in administered prices? The Reserve Bank, MPs and others have fingered administered prices as an inflation culprit. Tariff increases implemented by public entities, in sectors such as telecommunications, electricity and transport, have run ahead of the inflation target range, putting upward pressure on prices and undermining efforts to bring inflation down to within the range...

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