Close  

Minimal price hike bid for high-end Noche Buena items expected – DTI

By: - Reporter / @FMOrellanaINQ
/ 11:14 AM September 03, 2019

MANILA, Philippines – The Department of Trade and Industry (DTI) is expecting manufacturers of high-end Noche Buena (Christmas Eve meal) products to petition for an increase in prices by October.

“Ang nangyayari po, yung mga mahal na brand usually sila yung may mga konting paggalaw, mga 1 percent, 2 percent,” DTI Secretary Ramon Lopez said on Tuesday in an interview on Radyo Inquirer 990 AM.

ADVERTISEMENT

“Yung mga hindi mamahaling brand hindi usually yan gumagalaw kasi price sensitive sila, meaning nag-aalangan sila magtaas ng presyo dahil baka lumipat sa kalaban yung mga customers,” he added.

“Kaya maaasahan natin yung adjustment eh yung mga ganong klaseng brand, yung mga mamamahalin. Magrerequest siguro yan sa isang buwan.” /gsg

FEATURED STORIES

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Christmas season, DTI, grocery shopping, news, Noche Buena, pricing, Ramon Lopez
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.