Filipino consumers may soon face slight price increases for some basic goods as manufacturers grapple with rising fuel and logistics costs tied to the Middle East conflict.
The Department of Trade and Industry secured commitments from manufacturers to keep prices of basic necessities and prime commodities unchanged until May 10. Trade Secretary Cristina Roque said 68% of monitored products have maintained stable prices.
Roque noted that proposed adjustments cover selected brands and stock keeping units such as canned sardines, canned meat products, some processed milk items, and selected instant noodle brands. Increases for milk products remain below 10%.
Manufacturers cited higher fuel and logistics expenses as the main reasons, particularly for sardines where fishing and transport operations are affected. The DTI is reviewing the petitions and holding consultations before finalizing any updated suggested retail price list.
