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Newsletter | Can food prices be more affordable through central planning? Absolutely not

Updated: Apr 25, 2022

Dear Readers,


As we exited 2021 and began 2022, food prices have been on the top of my mind.


In the run-up to festivities, prices of many essentials tend to rise significantly. Chinese New Year will be in February, the holy fasting month of Ramadan begins in April and ends in Eid al Fitr in May. Those periods are times of higher demand for food and thus prone to higher prices.


Such seasonal price hikes are predictable. Yet year after year, Indonesian see large swings in prices and tears for the humble consumer.


Unsurprisingly then that the government becomes under pressure to show that