No price hike on basic goods until December 31
The Philippine Department of Trade and Industry has secured a commitment from manufacturers to keep prices of basic necessities and prime commodities stable until December 31, 2026. This measure aims to prevent inflation on essential goods despite rising costs of raw materials and fuel.
Why it matters
This provides economic relief and predictability for consumers facing inflationary pressures on daily essentials.
MANILA, Philippines - Prices of basic goods will hold steady until the end of the year, following commitments made by manufacturers with the Department of Trade and Industry (DTI).
"(There will be) no price increase up to Dec. 31, 2026," Trade Secretary Cristina Roque told reporters on the sidelines of the National Trade Fair Coconut Philippines yesterday.
She said this applies to all basic necessities and prime commodities (BNPCs) part of the DTI's list following a meeting with manufacturers.
BNPCs part of the DTI's jurisdiction are canned sardines, milk, coffee, bread, instant noodles, salt, detergent or laundry soap, bottled water, candles, luncheon meat, meat loaf, corned beef, beef loaf, vinegar, patis (fish sauce), soy sauce, toilet soap and batteries.
Roque said the manufacturers are keeping prices stable despite high costs of fuel and raw materials.
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