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. —

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Invoke Article 33 of the ILO Constitution
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Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
   Women’s Week
Week 3: Philippine Industry and “
   Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
   of the Girl Child Week
Daily Observances:

March 8: Women’s Rights and   
   International Peace Day;
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March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
   of Racial Discrimination
March 23: International Day for the Right to the Truth
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March 25: International Day of Remembrance of the
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