In general, there are no controls on prices in Ireland. This means that, in most cases, there is no minimum or maximum price for goods or services. This is to allow competition among businesses.
Businesses must set their prices independently. If businesses or traders are suspected of coming together to agree the prices they will charge, they may be investigated by the CCPC and can potentially face fines and imprisonment. Competition between businesses, along with consumer protection and empowerment, is the best means of creating markets where consumers are treated fairly and can access quality goods and services at reasonable prices.
As a consumer it’s a good idea, where you can, to shop around to find the best value. You should be aware that a business is not committing an offense by charging more than their competitors. If you feel that you are being overcharged for an item or service, you should try and take your business elsewhere.
A very small number of areas are still regulated. The price of postal services is regulated by the Commission for Communication Regulation (ComReg). Charges by credit institutions (mainly banks), excluding interest rates, must be notified to and approved by the Central Bank of Ireland.