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Sunday, December 22, 2024

North Carolina opens phone line for reporting price gouging

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Attorney General Josh Stein | Official website

Attorney General Josh Stein | Official website

North Carolina's law against price gouging, or charging too much in times of a crisis, goes into effect when the governor or the legislature declares a state of emergency. In some cases, businesses and industries that are heavily impacted by the incident causing the state of emergency have a reasonable need to increase prices in order to resupply, but they should disclose these increases so people can make informed purchasing decisions. Businesses cannot, however, unreasonably raise the price of goods or services to profit from a state of emergency.

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