THE Department of Trade and Industry said it has noted increases in the prices of prime commodities, particularly noche buena goods, weeks ahead of the Christmas celebration in the city.
In a report to city hall’s price coordinating council, Almer Masillone, officer-in-charge of DTI in Misamis Oriental, said prices of products for the traditional noche buena have increased by about eight percent to 10 percent.
The price increases also apply to canned goods, sardines, soap, instant noodles, candles and other grocery items.
The price increases were monitored during the latest price monitoring and inspection of DTI in the last week of November of all major stores in the city.
Masillone said the eight-percent to 10-percent increase in the prices of commodities is higher than the increase noted during the same period last year.
Lawyer Jose Edgardo Uy, local price coordinating council chairman, said the price increases are hardly felt by the consumers.
Uy explained that the increase in prices can be attributed to the high inflation rate, the implementation of the Train Law, and the erratic prices of petroleum products in the world market.
He said the prices of petroleum products increased 10 times and along with it the prices of rice and prime commodities.
Uy said the prices of rice and commodities eased down only when the price of petroleum products decreased.
He also attributed the lowering of the price of rice to the implementation of the Suggested Retail Price of the National Food Authority. (Nitz Arancon)
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