The Department of Finance (DOF) said the Marcos administration is fully committed to implementing the necessary policy measures and programs to tackle the surge in consumer prices. In a statement, Finance Secretary Benjamin E. Diokno said that with the consumer price rate reaching a significant 6.1...
Consumer prices surged last month due to the steep rise in food prices, particularly rice, and the spike in transportation costs caused by higher fuel prices, the Philippine Statistics Authority (PSA) reported. In a briefing, National Statistician Claire Dennis S. Mapa said that headline inflation...
Senator Francis “Tol” Tolentino urged businesses on Saturday, Sept. 16 to be more considerate to consumers when it votes to pricing their products, especially this Christmas season. In a statement, Tolentino said that this can be done by avoiding steep product pricing. “Ang...
The government's chief economic manager said the Marcos administration's inflation assumption for the year is still feasible despite the rise in consumer prices last month. In a statement, Finance Secretary Benjamin E. Diokno said the government is determined to minimize the impact of inflation and...
The rate of increase in consumer prices accelerated for the first time in six months in August, driven by higher food and transport costs, the Philippine Statistics Authority (PSA) reported. In a briefing on Tuesday, Sept. 5, National Statistician Dennis S. Mapa said that the headline inflation...
Trade and Industry (DTI) Secretary Alfredo E. Pascual ordered Friday, June 6, a price freeze on basic goods in Albay following the declaration of a state of calamity in the province due to the continued unrest of Mayon Volcano. "Through DTI's provincial office in Albay, I have ordered a price freeze...
An expansive range of stakeholders from the Central Visayas business community expressed “strong opposition” on the proposed P150 daily minimum wage hike, warning of an “inflationary effect” once such measure by the legislative branch is passed into law. A joint statement from Central...
Trade and Industry Secretary Alfredo E. Pascual said that based on the agency’s market monitoring, supplies of basic goods in the groceries are enough for the next 2-4 weeks. Pascual made this assurance after meeting with manufacturers of basic necessities and prime commodities (BNPCs) as...
Consumers in Southeast Asia, including the Philippines, are adopting new trends in shopping and preferences as they emerged more perceptive post-pandemic, according to a new study. A study Trendipedia 2023 by Tetra Pak, a world-leading processing and packaging solutions company, monitors changes...
Ordinary Filipino consumers prioritize ready to eat food and hygiene products in their shopping basket in times of impending shortage of funds as well as during payday, according to a study. Packworks, a startup company providing a business-to-business (B2B) platform for sari-sari store owners, in...
The Department of Trade and Industry (DTI) Region 12 has issued Notice of Violation (NOV) to 23 unaccredited service and repair enterprises (SREs) on intensified efforts to protect consumers from unscrupulous businesses. According to DTI Region 12 statement, the office conducted a two-day operation...
The government should now focus on addressing supply constraints that caused high inflation, as President Marcos’ chief economic manager pointed out that monetary policy has already done enough to reign in demand. Finance Secretary Benjamin E. Diokno said that slower inflation recorded in March...
