price control

noun

1. government regulation of prices by establishing maximum price levels for goods or services, as during a period of inflation.

price control

noun

1. the establishment and maintenance of maximum price levels for basic goods and services by a government, esp during periods of war or inflation

Word History and Origins

Origin of price control¹

First recorded in 1910–15

Example Sentences

During the Korean War, inflationary pressures were partly restrained through temporary wage and price controls.

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Those windfall profits were partly the result of high inflation, but Ofgem said that renegotiating price controls would bring extra costs to consumers that would outweigh the benefits.

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Contrary to some objections, this isn’t a price control.

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A number of states have a controversial answer: price controls.

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Big Pharma has been out of favor with investors on fears of tariffs and price controls.

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Related Words

• restraint