According to relevant regulations, commodity prices are determined according to local production and operation conditions and residents' needs. Merchants are not allowed to arbitrarily change the price or drive up the price, otherwise the legal responsibility of relevant personnel needs to be investigated. Whoever fabricates and disseminates information about price increases, drives up prices, or uses false and misleading price means to trick consumers or other business operators into trading with them shall be ordered to make corrections, his illegal income shall be confiscated, and he may also be fined not more than five times his illegal income; If there is no illegal income, a warning shall be given and a fine of 20,000 yuan to 200,000 yuan may be imposed; If the circumstances are serious, it shall be ordered to suspend business for rectification, or its business license shall be revoked by the administrative department for industry and commerce. Merchants or operators use illegal means to hoard goods, and then drive up prices, which has caused serious adverse effects on the entire market operating environment. Under specific circumstances, it can be dealt with according to law in combination with actual criminal facts. If the relevant information is not clear, you can consult the administrative department for industry and commerce.
legal ground
Article 14 of the Price Law of People's Republic of China (PRC) * * * Operators shall not engage in any of the following unfair price behaviors: (1) colluding with each other to manipulate market prices and harming the legitimate rights and interests of other operators or consumers; (2) In order to crowd out competitors or monopolize the market, dumping at a price lower than the cost, disrupting the normal production and operation order, and harming the interests of the state or the legitimate rights and interests of other operators, in addition to handling fresh goods, seasonal goods and overstocked goods at reduced prices according to law; (3) fabricating and disseminating information about price increases, driving up prices, and driving up commodity prices too high; (four) using false or misleading price means to trick consumers or other operators into trading with them; (5) Providing the same goods or services and discriminating against other business operators on the same trading terms; (6) buying or selling goods or providing services by raising or lowering the grade, etc., and raising or lowering the price in disguise; (seven) profiteering in violation of laws and regulations; (8) Other unfair price behaviors prohibited by laws and administrative regulations.