A price freeze has been implemented for basic commodities after Cagayan was placed under a state of calamity due to typhoon EgayPH.
The Department of Trade and Industry Cagayan Consumer Protection Division said that the price freeze automatically applies to basic goods in areas under the state of calamity.
Business owners cannot increase the prices of goods, especially for basic necessities, and that they must remain at the DTI suggested retail price. Major commodities under prize freeze were rice, pork, chicken, fish, vegetables, sugar, oil, milk, canned goods, soap and laundry detergent, candles, bread, charcoal, and bottled water.
Prize freeze, which aims to protect the public against exploitative businessmen under a state of calamity, is mandated by Republic Act 7581 or "An Act providing protection to consumers by stabilizing the prices of basic necessities and prime commodities and by prescribing measures against undue price increases during emergency situations and like occasions."
Aside from the DTI, other government agencies in monitoring and implementing the price freeze include the Department of Agriculture for fruits and vegetables, Department of Energy for petroleum, Department of Environment and Natural Resources for wood-related products, and Department of Health for drugs.It added that prices of goods in Cagayan remain stable amid the destruction caused by Egay.
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