Meaning of “price freeze” in the English Dictionary

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"price freeze" in Business English

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price freezenoun [ C ]

uk us

ECONOMICS, COMMERCE the situation in which prices, or the price of a particular product, are fixed at a particular level and no increases are allowed:

A five-year price freeze is due to end next month for customers of the gas company.

(Definition of “price freeze” from the Cambridge Business English Dictionary © Cambridge University Press)