The suggested retail prices of goods will stay where they are until year-end after manufacturers heeded the Trade Department's call to postpone factory price hikes to soften inflation's blow on consumers, according to an economic manager.
The suggested retail prices of goods will stay where they are until year-end after manufacturers heeded the Trade Department's call to postpone factory price hikes to soften inflation's blow on consumers, according to an economic manager.
"There are at least six who have earlier submitted a request for price adjustments," Pascual said in a press conference in Makati."Naka-influence naman sa iba yun at nagkaron ng consensus na hold off muna until the end of the year." [It influenced others and there was a consensus to hold off until the end of the year.]
Before the agreement, Pascual met with manufacturers late last month to tackle at least 14 petitions for price adjustments. "Meron kaming tinitingnan na hindi naman strictly speaking price adjustments kasi iniutos ng Bangko Sentral na i-round off na yung mga prices by 25 centavos," Pascual said.
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