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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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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Dean C. Jackson Grayson's Price Commission lowered the average yearly increase allowed large firms under its Term Limit Pricing rule from 2% to 1.8%.

From Time Magazine Archive

The chairmen of the Pay Board and Price Commission will have authority to seek injunctions and fines against violators big or small; such cases will be prosecuted by the Justice Department.

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

The increase must still be approved by the Price Commission, but most FCC commissioners believe their action falls within the guidelines.

From Time Magazine Archive

They will investigate complaints of pay or price violations by the big companies and unions that report to the Pay Board and Price Commission.

From Time Magazine Archive