outbrain
Close  

DTI sees no increase in prices of Christmas products

By: - Reporter / @KAguilarINQ
/ 09:55 AM September 17, 2020

MANILA, Philippines — The Department of Trade and Industry (DTI) on Thursday said it is not expecting an increase in the prices of Christmas products because of a slack in demand.

But as the holiday season approaches, DTI Secretary Ramon Lopez is encouraging the public to buy goods to help businesses amid the coronavirus disease (COVID-19) pandemic.

ADVERTISEMENT

“Ang demand ay mahina naman kaya hindi natin inaasahang talagang tataas ang mga presyo ngayong kapaskuhan na ‘to,” Lopez said in an interview over Teleradyo.

(There is a weak demand that’s why we’re not expecting prices to increase this coming Christmas season.)

FEATURED STORIES

“So sana na nga lang, hindi sobrang bumagal ang demand, ito rin ang kailangan ng negosyo ngayon na sana mga kababayan natin, mamili pa rin nang mamili,” he added.

(But we hope that the demand will not continue to slow down because this is what businesses need right now, for our countrymen to buy.)

Regardless, Lopez said suggested retail prices on Christmas products will still be issued to guide sellers.

/MUF
Read Next
EDITORS' PICK
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, Department of Trade and Industry, DTI, suggested retail price
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 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.