Allauddin Khalji ruled from 1296 to 1316. When he ascended the throne the kingdom was in complete disorder, trade and agriculture were paralyzed, and prices of commodities were soaring.
He took strong steps to check inflationery price rise and reduce prices. These were :
(1) Prices of most commodities were fixed e.g. for grain, pulses, meat , fish, vegetables, sugarcane, dry fruit, cloth, cattle and horses, needles, etc.
(2) Strict action was taken against hoarders, speculators, and black marketeers. On receiving any complaint about violation of these regulations, thorough investigation was made and harsh punishment given to violators of these regulations.