The Department of Trade and Industry (DTI) announced on Friday that there will be no price increases for basic necessities and prime commodities until May 10, 2026. This assurance aims to protect consumers amid ongoing economic uncertainties.
Products Covered Under Price Stability
The DTI has specified a list of essential items that will maintain their current prices under the Suggested Retail Prices (SRP) system. These products include:
- Canned sardines and meat
- Processed milk, coffee, and sugar
- Bread and locally manufactured instant noodles
- Bottled water
- Laundry and bath soap
- Candles, salt, and condiments
DTI Secretary Ma. Cristina Roque emphasized in a statement that these measures are designed to ensure affordability and accessibility for all Filipinos during this period.
Supply Assurance and Market Monitoring
Secretary Roque further stated that the DTI does not anticipate any supply shortages in the coming weeks, urging the public to avoid panic buying. "We expect no shortages in the following weeks, so panic buying is unnecessary because our supply remains sufficient," she said.
To enforce this, the DTI is conducting daily market surveillance to monitor prices and availability of these basic products. The agency is actively collaborating with manufacturers and traders to prevent profiteering and unauthorized price hikes.
Consumer Role in Price Enforcement
The DTI encourages consumers to report any stores selling products above the SRP. This collaborative effort helps ensure that fair pricing is maintained across the market. Secretary Roque highlighted that these actions align with directives from President Ferdinand R. Marcos Jr. to safeguard consumers, particularly in light of the ongoing Middle East conflict, which could impact global supply chains.
By implementing these proactive measures, the DTI aims to stabilize the market and protect Filipino households from inflationary pressures, reinforcing its commitment to consumer welfare and economic stability.
