MANILA, Philippines – Prices of some products will remain unchanged in the upcoming holiday season, the Department of Trade and Industry (DTI) said on Friday.
The DTI said the suggested retail prices (SRP) of 134 holiday goods will be maintained including some brands of queso de bola, cheese, sandwich spread, mayonnaise, pasta spaghetti, elbow and salad macaroni, spaghetti sauce, tomato sauce, and creamer products.
Trade Secretary Ramon Lopez said only of few premium brands of holiday products will increase prices while brands for mass-based markets don’t usually change.
“This is due to their fear of competition and the probability of losing market share in a price-sensitive segment,” Lopez was quoted as saying in DTI statement.
The DTI chief said six products have even lowered their prices by P11.
The agency said ham manufacturers also introduced new sizes for some of their products to make it more affordable for consumers.
Lopez also advised consumers to prepare and stick to their shopping list, shop early and look out for promo bundles to save money this holiday season.
“Most importantly, I advise consumers to choose the products they find value for themselves and their family. It is advised to do the Christmas grocery shopping early and avoid the holiday rush,” Lopez said.