The Department of Trade and Industry is set to approve several price hike petitions of manufacturers given the higher costs of raw materials, a top official announced Wednesday.
“Meron pong mga made-deny, meron din pong mga aaprubahan, depende po kasi sa presyo ng raw materials nila that are mostly imported,” she said during a public briefing. Castelo did not elaborate on the products expected to be covered by the price hikes, but said that among those they are studying are for canned goods, instant noodles, coffee, milk, and bread.
Castelo in the same briefing noted that prices of basic goods in several areas were automatically covered by a price freeze due to the declaration of a state of calamity.
😓Everything is going up in price.
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