PRICE increases in food products were minimal, with the cost of 72 percent of basic and prime commodities (BNPCs) remaining unchanged as of mid-January, the Department of Trade and Industry (DTI) said in a statement.
PRICE increases in food products were minimal, with the cost of 72 percent of basic and prime commodities remaining unchanged as of mid-January, the Department of Trade and Industry said in a statement.'This positive trend underscores the effectiveness of the government's initiatives to stabilize prices and protect consumers from significant hikes,' Trade Secretary Ma. Cristina Roque said.
Roque attributed the price hikes to rising production costs, but noted the increases were minimal to protect consumers and manufacturers alike.'The DTI will continue to closely monitor and enforce market prices throughout the country to ensure compliance with the prices set by the DTI,' the trade chief said. 'We will ensure that basic goods remain accessible and affordable for all.
Price Increases Minimal So Far
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