Prices of culinary milk, cream, canned fruits, and cooking oils have increased in sari-sari stores, Packworks Sari IQ analytics platform showed, signaling a more expensive Noche Buena for most Filipinos this December. READ:
Andres Montiel, Chief Data Officer of Packworks, said the price of milk and cream went up by 11.84 percent.
The price increase is because “culinary milk and creams are normally imported from other countries. The increasing dollar rate over the peso affects the commodity prices since these are imported,” he said.Prices of palm, vegetable, and canola oils went up by 5.95 percent and nare now sold for approximately P80 more per liter.
“These prices could go up further through the ‘ber’ months, and the demand will definitely be higher. Our local households may be able to skimp on other items, such as clothing or gas, but they have to eat,” Montiel added.
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