规定最高限价 meaning in English

set ceilings on prices

When market - adjusted commodity prices undergo sharp rises or falls , the commodity price departments may set a maximum and minimum reserve price for fixed commodities for a certain period of time and may implement a price rise application system
在市场调节价格出现暴涨暴落时，物价部门可以在一定时期内对部分商品价格规定最高限价、最低保护价和提价申报制度。