What is price gouging?
Price gouging occurs when companies raise prices of their goods and services to unfair levels. This usually happens after a sudden spike in demand.
Price gouging is usually short-term and localized, creating barriers for essential items like: food, clothing, shelter, medicine, and other equipment to sustain life and property.
Comparison Shopping Tips
- Find a tool to assist you. The Honey browser extension is a good example of one.
- Compare the items your looking at buying, If you are not shopping for a specific item and just for a need you have, then you might want to go with the more expensive option due to its better performance and durability rather than just the cheaper price.
- Look for generic products whenever its reasonable. When shopping for items like paper products, dairy products, and canned goods.
- Take advantage coupons and make sure your coupons are getting you the best deal. For items you don’t need urgently, wait until it is on sale or you have good coupons for them.