What is the NIST EPPV?
The NIST EPPV is an inspection procedure that provides regulatory officials and other interested parties with the test procedures, enforcement practices, and other tools necessary to monitor and evaluate the pricing practices of retail stores. • Is it a law or regulation? No, the NIST EPPV is an inspection procedure. The results of an inspection conducted according to the EPPV must be evaluated for compliance with state or federal laws and regulations. • Does NIST regulate or enforce pricing accuracy? No, NIST is not a regulatory agency. The Federal Trade Commission (FTC) is the federal agency with regulatory jurisdiction over most advertising and pricing practices. Many states also have laws and regulations that prohibit inaccurate or deceptive advertising and pricing practices. • Why do we need an EPPV? Consumers want to be confident that the price at which a product is advertised or displayed is the price they will be charged at the check-out counter. The NIST EPPV was developed as
