DTI: No hike in consumer prices till next year

Published by rudy Date posted on November 6, 2019

by Roy Stephen C. Canivel, Philippine Daily Inquirer, 6 Nov 2019

MANILA, Philippines — The Department of Trade and Industry (DTI) on Tuesday said it told manufacturers not to further increase their suggested retail prices until the first quarter of next year.

Trade Undersecretary Ruth Castelo, who heads the agency’s consumer protection group, said the move was meant “for consumer protection in the Christmas season” so they could “enjoy more stable prices.”

The only exception is the spike in the price of Christmas ham despite the recent decline in the retail prices of pork because of fears over African swine fever (ASF) contamination.

“Prices of pork go up because retailers want to instantly [get their earnings] while raisers [want] to recoup their losses. In the end, [this] will work against them because consumers [will] no longer buy when you combine the ASF scare and the high price,” Castelo told the Inquirer. —

July 2025

Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”

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July


3 July – International Day of Cooperatives
3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
7 July – Global Forgiveness Day
11 July – World Population Day 
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Monthly Observances:

Schools Safety Month

Nutrition Month
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Weekly Observances:

Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
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Philippines Business Week
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Daily Observances:

First Saturday of July:
International Cooperative Day
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