No price hike in noche buena items, basic commodities until next year: DTI

Apples Jalandoni, ABS-CBN News

Posted at Nov 16 2019 06:00 PM

MANILA - The Department of Trade and Industry (DTI) assured the public on Saturday that there would be no price increases of prime and basic commodities as well as noche buena items until next year. 

"Hindi na 'yan gagalaw (That will not change) until next year, we promise you that," said DTI Undersecretary Ruth Castelo.

Castelo said they have required manufacturers to commit to a fixed price throughout the holiday season. This is to ensure that Filipino families would not be burdened with higher prices during the Christmas and New Year celebrations. 

"So kung ano 'yung nasa noche buena SRP (suggested retail price) that we published on October 30, ito na 'yung hanggang next year," she said.

(The noche buena SRP that we published on October 30 will remain until next year.)

She also urged the public to be aware of product SRPs. Consumers may download the DTI app e-Presyo to check prevailing prices and SRPs of commodities. 

Meanwhile, Castelo said the DTI is also gearing up for their nationwide Diskwento Caravan Christmas Edition.

"This is a treat for the consumers na ibinibigay ng DTI," she said. 

The 3-day caravan will begin on Monday, November 18, at the DTI Fair Trade Enforcement Bureau at Malugay Street, Makati City and will also go around in other areas in the country like Mimaropa, Cebu, Zamboanga and Ilocos. 

Noche buena items will be available at lower prices- at least by 10 percent- at the caravan. The DTI is coordinating directly with manufacturers so they could sell the products cheaper. 

For example, a ham that costs P155 in supermarkets will be sold at P140 at the Caravan. The DTI is also working with the Department of Agriculture to bring farmers closer to their consumers so they could sell their products directly and at lower prices.