Dimapur deputy commissioner Kevekha Kevin Zehol has been appointed as its chairman.
According to a notification issued by the district administration on Thursday, the committee would evolve effective mechanisms at the district level to monitor and control prices of essential commodities.
It will fix prices of all essential commodities periodically, allowing rational trade and transport margin and monitor price movement judiciously.
The district-level committee will maintain strict vigil against unscrupulous traders and devise ways and means to contain trade malpractices.
It will also keep the state-level price monitoring committee informed with local market situations and market economy.
The committee on Thursday held a meeting at the DC office and discussed a mechanism for monitoring and controlling prices of essential commodities.
The meeting chaired by DC decided to set up a five-member sub-committee to survey and collect the existing market rates.
The sub-committee has been asked to submit its report within two weeks.
The DC also had a separate meeting with the members of Public Action Committee (PAC) of the Naga Council Dimapur.
He briefed the members on the steps taken by the district level price monitoring committee and requested them to call off their proposed indefinite Dimapur shutdown from October 7.
The PAC warned of an indefinite total Dimapur shutdown from October 7 in protest against the failure of the government to regulate the price hike.