5/16/2005

No significant price increase on basic commodities

There has been no significant increase in the prices of basic commodities in the
province.

According to Jojo Sumido of the local Department of Trade and Industry, there has been no significant price increase based on DTI’s weekly price monitoring activity conducted every Monday.

Concern has been raised on the possibility of a big hike on prices of basic commodities following the recent fare increases.

Malacañang says the government is working out on ways to lessen the impact of fare
increases such as keeping the prices of basic commodities at affordable levels.

The regional wage boards are also undertaking urgent deliberations to come up with wage increase reasonable for both the management and the members.

The transport fare increase will be complemented with wage hikes agreed upon by the
regional wage boards in due time.

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