DTI assures no increase in price of commodities until February

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The Department of Trade and Industry (DTI) on Tuesday assured that there will be no price increase in basic and prime commodities until February. 

Some manufacturers of milk, laundry detergent, canned goods, and condiments, requested an increase of 50 centavos to P2, but DTI did not allow it, according to Lei Alviz’  report in 24 Oras.

“Raw materials din talaga e, kasi imported gamit nila, especially for the soap. Pati ‘yung canned meat, imported din. ‘Di na raw talaga nila mapigilan ‘yung pagtaas. Merong mga justified requests, merong hindi justified ang request, so pinag-aaralan natin mabuti,” said Trade Undersecretary Ruth Castelo. 

She said prices of commodities will remain in the meantime so that consumers could somehow loosen up with other fees.

“The consumers can expect na walang movement muna tayo from now until siguro matapos ang January or hanggang February, para hindi rin sumabay sa increases ng fuel, kuryente, para makapahinga sila at least sa pagkain, food products,” Castelo added.

Meanwhile, Steven Cua, president of Philippine Amalgamated Supermarkets Association, said the demand for goods normally drops in January.

“Belt-tightening this January. Psychological, nagho-hold on to their budget sa mga pami-pamilya,” he said. 

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