Making markets work
Rising food prices have evoked protests, and even caused riots in many countries including Mexico, Haiti and Egypt. In Italy people have found a novel way to reduce their worries. If Italians feel that their local food retailer is charging unreasonable prices, they can now call on a new service to help them haggle or walk away: an sms that tells them the different prices in the different areas of Italy
The sms system, set up jointly by the Italian agriculture ministry and consumer associations, helps check the average price of different foods in northern, central and southern Italy. Luca Di Maio, a consultant for the Consumer Federation in Rome, says the new system lets consumers type the name of the food product they want to price check into their mobile phone and send a free text message to a number.
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