Unless otherwise provided by law, the prices of goods, products and services covered prior to 1 January 1987 by Ordinance no. 45-1483 of 30 June 1945 are freely determined by competition.
However, in sectors or areas where price competition is limited due either to monopoly situations or lasting supply difficulties, or to legislative or regulatory provisions, a decree in Council of State may regulate prices after consultation with the Competition Authority.
The provisions of the first two paragraphs shall not prevent the Government from adopting, by decree of the Council of State, temporary measures to prevent excessive price rises or falls, on the grounds of a crisis situation, exceptional circumstances, a public disaster or a manifestly abnormal market situation in a given sector. The decree is issued after consultation with the National Consumer Council. It specifies its period of validity, which may not exceed six months.