The Market Monitor Minding the Nation's Business
A ham manufacturer has informed the Department of Trade and Industry (DTI) of a possible price rollback for the Christmas season, Trade Secretary Cristina Roque said last week.
Roque declined to identify the company pending price adjustment applications from other manufacturers.
“But more of the requests are coming to the DTI now to encourage the manufacturers that there would be no price increase for Noche Buena items,” she told reporters during the Federation of Philippine Industries Inc. Business Summit in Makati City.
She noted that manufacturers typically request price hikes every year but reiterated her call to keep prices steady “to protect consumers because of everything that is happening.”
Roque said the DTI is waiting for official submissions from several manufacturers before releasing updated data on Noche Buena price adjustments.