Trade Secretary Alfredo E. Pascual said the Department of Trade and Industry (DTI) would intensify its price monitoring drive to mitigate the effects of rising inflation to consumers.
Trade Secretary Alfredo E. Pascual said the Department of Trade and Industry would intensify its price monitoring drive to mitigate the effects of rising inflation to consumers.
Pascual also noted that the DTI will continue meeting various organizations across sectors and industries to discuss the possibility of lowering the prices of products in the market.Based on the recent data released by the Philippine Statistics Authority , the country’s inflation rate slowed to 8.6 percent in February.
The trade chief also stressed, “We must intensify our campaign to lower the prices of BNPCs, especially agricultural products.” In line with this, Pascual called on Local Price Coordinating Councils to work with DTI in price and supply monitoring and stabilization.” Last month, Pascual said the Philippines would be able to beat inflation with programs on logistics in place and investments secured for the energy sector.
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