Ceiling prices

Ceiling Prices
Definition of ceiling prices - When there is a limit placed on the increase of prices in a market.

Goods may be sold from a stockpile when prices reach or approach predetermined ceiling prices, and purchased for the stockpile when prices reach or approach predetermined floor levels.

Alternatively, the government agency may be content to set "ceiling prices" or "floor prices" for particular goods or services.

Vegetables, fruit, eggs, and almost all manufactured goods were freed of controls. Ceiling prices on many other goods were raised substantially, and many remaining controls were no longer enforced.

See also: Price control, Monopoly, Welfare, National product, Dependence