According to the current legislation, the prices of goods are not subject to state regulation, are free and are formed by sellers independently on the basis of supply and demand.

The exception, as noted by the deputies of the faction, are only regulated prices and tariffs of natural and local monopolies - for gas, electricity, utility tariffs and separate tariffs for communications and urban transport.

"The bill proposes, in order to stabilize retail prices in the territory of the constituent entity of the Russian Federation or the territories of the subjects of the Russian Federation, to give the government the right to set maximum allowable retail prices for certain non-food products," the explanatory note says.

The deputies recalled that today the government has the right to set the maximum permissible retail prices for certain types of socially significant products for a period of not more than 90 days. The authorities can use such a measure to stabilize the situation in the food sector with a sharp increase in the cost of production.

At the same time, as explained in a comment to RT, the Chairman of the State Duma Committee on Labor, Social Policy and Veterans Affairs Yaroslav Nilov, there is a list of non-food products for which it is also required to establish maximum allowable retail prices in order to avoid abuse.

The parliamentarian recalled the situations when a sharp demand turned into an "absolutely unreasonable rise in prices", including for non-food products.

"The proposed novelties are aimed primarily at overcoming the so-called market fiasco (market failure), when economic actors begin to act to the detriment of public interests, which entails the need for administrative intervention and regulation of market relations in order to smooth them out and / or eliminate negative consequences for society," the deputies added.

Earlier, Russian President Vladimir Putin said that the country's economy is beginning to develop according to a new model and acquires a "fundamentally different quality."