Saturday, October 15, 2011

Philippine Prices After Typhoons

Prices of basic commodities in Iloilo City and Province remain stable despite the flooding in some barangays due to tropical depression "Ramon" on Wednesday.

Department of Trade and Industry (DTI) Iloilo Senior Trade and Industry Development Specialist Luisa Garnica said they conducted a daily monitoring of prices on Oct. 11, 12, and 13 per advice of their regional and central offices to make sure that retailers would not take advantage of the tendency of consumers to do panic buying.

"The prices of goods have so far remained stable even as some retailers are complaining about low sales as only few people are buying because of the rain," Garnica said.

She said that a can of sardines has remained at the suggested retail price of P12.60-P12.65.

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