DTI sets 60-day price freeze on basic goods

A price freeze is now in effect on basic goods, following President Marcos' declaration of a state of national calamity, the Department of Trade and Industry (DTI) said.

- LOUELLA DESIDERIO

In a statement yesterday, the DTI, which serves as the chair of the National Price Coordinating Council (NPCC), said the price freeze will be in place for 60 days, unless lifted by the President.

Under the Price Act, prices of basic necessities are automatically frozen at prevailing prices in an area placed under a state of calamity.

Last Nov. 6, Marcos approved the declaration of a state of national calamity due to the devastation caused by Typhoon Tino and as the country expects another super typhoon.

With the twin typhoons expected to affect 10 to 12 regions, the government expects the declaration of a state of national calamity to accelerate recovery and rehabilitation efforts.

Basic goods covered by the price freeze include canned fish and other marine products, processed milk (evaporated, condensed and powdered milk), coffee, laundry or detergent soap, candles, bread, iodized salt, instant noodles and bottled water.

To protect consumers during this time, the DTI said it has coordinated with all key NPCC implementing agencies.

To ensure sufficient supply of basic necessities and prime commodities, the DTI is also working with manufacturers, retailers and distributors.

"All DTI regional and provincial officials are on heightened alert and mobilized to enforce compliance with the price freeze and maintain adequate supply nationwide," the DTI said.

The Department of Health (DOH), likewise, announced a price freeze covering 146 drugs and medicines now in effect across the country.