President Ferdinand R. Marcos Jr. has ordered the Department of Trade and Industry (DTI) to implement a price freeze on basic and prime commodities until the end of the year to ensure price stability during the holiday season.
“Alinsunod sa kautusan ni Pangulong Ferdinand Marcos Jr. na hindi magkakaroon ng paggalaw sa mga presyo ng mga bilihin bago ang holiday season, inanunsyo ng Department of Trade and Industry (DTI) na walang price increase sa basic at prime commodities sa bansa hanggang sa matapos ang kasalukuyang taon,” said Presidential Communications Office (PCO) Undersecretary Claire Castro on Monday.
The President also directed the DTI to strictly monitor and enforce the maximum suggested retail prices (SRP) for imported rice and other essential food items.
Marcos further instructed the DTI to coordinate with manufacturers to maintain current price levels and prevent unnecessary price hikes.
According to Trade Secretary Ma. Cristina Roque, all industry stakeholders are cooperating with the government to keep prices stable during the holiday season.
“Nagtutulungan din ang lahat upang maibigay ang presyo na naaayon at gusto ng ating mga kababayan,” Castro added.g presyo na naaayon at gusto ng ating mga kababayan,” Castro added.