MAJORITY of food products considered as Christmas staples by Filipinos will see an increase in prices ahead of the holiday season, with some pasta and spaghetti sauce items set to go up by more than 10%, the Trade department said.
price guide, which includes prices of 223 shelf keeping units such as ham, fruit cocktail, pasta or spaghetti noodles, spaghetti sauce, andIn a statement, the DTI said the suggested retail prices of 195 out of 223 SKUs ofOf this, 94 food products will see a price hike of more than 10%. Prices of 51 items will go up by 6-10%, while another 50 products will go up by 1-5%.
In a separate statement, the DTI Consumer Protection and Advocacy Bureau said the agency does not regulate or approve prices ofproducts, unlike basic necessities and prime commodities included in the SRP bulletin as mandated by the Price Act. “The price guide details were surveyed by the CPAB from Noche Buena products manufacturers. The manufacturers stated that these are their prices until the end of the year,” it said.
For instance, a pack of spaghetti pasta now costs between P25.50 and P111, up by P4.50-P27 from a year ago. The DTI said it continues to discuss with manufacturers how to ensure that consumers can access low-cost products in the market.
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