(a) Price increases for consumer goods previously offered for sale to consumers are prohibited.
(b) Definitions—as used in this section:
(1) “Retail establishment” means a store selling primarily items packaged individually, including food.
(2) “Consumer goods” means tangible items that are used or brought for use primarily for personal, family, or household purposes.
(3) “Offered for sale” means any attempt by advertisement or other means to induce consumers to purchase consumer goods by placing the consumer goods on display in a retail establishment.
(c) Limitations:
(1) Where consumer goods were offered for sale at a reduced price immediately prior to the contemplated price increase, this section shall not apply if the price at which the consumer goods are sold does not exceed the price at which such consumer goods were offered for sale immediately prior to the sale at reduced prices.
(2) When retail establishments offer consumer goods for sale and such goods are displayed at more than one price, through the use of signs or displays or by any other method, then the lower price shall control.
(3) No retail establishment shall offer or display consumer goods for retail sale unless such goods or the shelf on which they are displayed indicates the purchase price of such goods.