Price controls never work they just make the situation worse. The key is to increase supply. The more product there is the less likely that producers will take advantage of the situation.
Do you really think the current inflation situation has nothing to do with the consolidation of industry into the hands of a few multinationals who can pretty much raise prices with impunity? You think the sort of supply-side economics that helped get us into this mess are going to get us out of it?
Long term we need to do something about the consolation of industries but price limits will only cause producers to limit their production and cause shortages. Producers will manufacturer at the profit margin they want or stop. Price control might help for a short time but mid to long term it causes shortages.