No price hike for Noche Buena items, basic commodities this holiday season -DTI

(Photo credit: PNA)

PASIG CITY, Dec. 24 (PIA) -- The Department of Trade and Industry (DTI) today reminded shoppers that there will be no price hike for Noche Buena items and basic commodities as prices for these goods are still based on the 2019 price list set by the agency.

The DTI also assured the public that supply for these goods will be available all throughout the year and consumers can still buy such products at a fair price.

“Supply is not an issue kasi ang manufacturers already have raw materials na anytime kapag kailangang mag-produce ng mas marami ay makakapag-produce sila (Supply is not an issue because manufacturers already have raw materials that they can utilize anytime they need to produce more),” DTI Undersecretary Ruth Castelo said

The DTI warned that complaints may be filed against violators of the suggested retail price (SRP).

“Kung hindi nila ibinalik ang presyo nila, we will file formal charges. It is considered profiteering under the Price Act na may penalty na [from] P5,000 to P2-million and imprisonment of 5 to 15 years,” Castelo emphasized.

The DTI is advising consumers to buy in supermarkets and grocery stores instead of small shops since these are under their monitoring.

“Hanapin din nila yung mga promo packages or bundle packages na binibigay ng mga manufacturers for Noche Buena products. Makakatipid sila ng P20 to P70 kung ito yung bibilhin nila,” Castelo added. (PIA NCR)

Source: Philippines Information Agency (

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