Ohio may make it a crime to spike prices on baby formula – By Nolan Simmons (The Columbus Dispatch) / Sept 29, 2022
- KEY POINTS
A year’s worth of formula could cost anywhere from $1,200 to $1,500
Price gougers may face first-degree misdemeanor charge, $1,000 fine
Gouging has been issue since formula shortage started in May
As of late August, 23% of powdered baby formula remained out of stock
Increasing prices on baby formula during statewide shortages could become a crime in Ohio if a new bill becomes law.
Price gouging would be measured as price hikes of more than 5% above the standard cost immediately prior to formula shortages.
House Bill 718, introduced in the Ohio House in August, would allow the state to hit suppliers with criminal penalties that vary depending on the number of offenses, but go up to a first-degree misdemeanor and $1,000 fine for repeat offenders.
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