Price gouging refers to the unfair practice of increasing prices of essential goods and services during abnormal market disruptions, like nationwide shortages or emergencies, such as the COVID-19 pandemic or severe weather events.
Tackling price gouging is an effective and smart approach to stop corporations from taking advantage of consumers and unfairly raising prices.
Vice President Harris' economic plan includes the first-ever federal ban on price gouging of food and groceries, a critical step in cracking down on unfairly high prices.
When parents were finally able to find formula on shelves, they reported astronomically high prices that were double, sometimes triple, the normal cost of baby formula.
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