Price Commission

British  

noun

1. (in Britain) a commission established by the government in 1973 with authority to control prices as a measure against inflation. It was abolished in 1980

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Example Sentences

It proposed "a new Price Commission to investigate companies, monitor price increases and order price freezes and reductions. These controls will be closely linked to our industrial planning, through agreed development plans with the leading, price-setting firms".

From BBC

He set up the Price Commission as part of that effort.

From New York Times

A foreshadowing of the plan came three days after the end of the congress, when the head of the government's price commission announced a series of proposed price hikes that would triple most food bills.

From Time Magazine Archive

Yet, as Price Commission Chairman C. Jackson Grayson observes, inflation also burdens other segments of society; if inflation is to be checked, farmers, too, must sacrifice.

From Time Magazine Archive

That message came out of the Price Commission's hearings on food costs last week.

From Time Magazine Archive