Daily Tribune‘Our monitoring teams are on the ground daily in all affected areas, from public markets to supermarkets to protect consumer welfare and ensure that prices of basic goods remain stable and fair.’ — Cristina A. Roque, Secretary, Department of Trade and Industry
DTI-Fair Trade Enforcement Bureau personnel inspect prices in a grocery store in Cavite, following the pronouncement of a state of calamity in the province as a result of tropical cyclones ‘Crising’, ‘Dante’, ‘Emong’, as well as the southwest monsoon, or habagat, in the past days.
Photograph courtesy of DTI
The Department of Trade and Industry (DTI) maintains that there are enough supplies of necessities and prime commodities amid the onslaught of tropical cyclones “Crising”, “Dante”, “Emong”, as well as the southwest monsoon, or habagat.
In a statement on Thursday, the DTI said they have intensified monitoring efforts to ensure that prices of necessities and prime commodities remain unchanged and that supply is sufficient in several areas placed under a state of calamity.
Continuous monitoring
Further, it said that the DTI’s regional and provincial offices are conducting continuous ground-level monitoring to ensure full compliance and prevent profiteering in affected markets.
Trade and Industry Secretary Cristina A. Roque said the department’s monitoring teams are fully mobilized in all affected areas.
“We want to make it clear: no Filipino should be left behind during difficult times. Our monitoring teams are on the ground daily in all affected areas, from public markets to supermarkets to protect consumer welfare and ensure that prices of basic goods remain stable and fair,” said Roque.
Republic Act 7581, or the Price Act, mandates a 60-day freeze at the prevailing prices of essential items such as canned sardines, processed milk, instant noodles, bottled water, bread, coffee and detergent upon the official declaration of a state of calamity in an area.
Price freeze
Currently, the price freeze is in effect in the provinces of Cavite and Bataan; the cities of Marikina, Las Piñas, Manila, Quezon, Malabon, Cebu, Meycauayan and Dagupan; and 19 municipalities across Pangasinan, Tarlac, Bulacan, Rizal, Batangas, Palawan and Antique.
The DTI issued a stern warning to all businesses that any violation of the automatic price freeze is punishable by law, with severe penalties including imprisonment for one to 10 years and fines ranging from P5,000 to P1,000,000.
