DTI: No price hikes for basic goods until April 16

MANILA, Philippines — Filipino consumers can expect prices of basic goods to remain unchanged until April 16, as the Department of Trade and Industry (DTI) secured commitments from manufacturers and retailers to hold off on increases despite cost pressures linked to the ongoing Middle East conflict. In a statement, the DTI said the commitment, which will take effect April 1, covers a range of essential goods, with companies agreeing to absorb higher logistics and inventory costs to keep prices stable. “This assurance follows the DTI’s meeting today with major manufacturers and retailers to hold off on price increases until April 16, […]...

Keep on reading: DTI: No price hikes for basic goods until April 16