Trade and Industry Secretary Alfredo E. Pascual said prices and supply of basic manufactured goods in supermarkets have remained stable as he kickstarted the agency’s price monitoring and inspection efforts with more vigor this 2023.
Pascual went on his first “Ikot Palengke” for the year on Thursday, Jan. 13, beginning with a tight price watch in Guadalupe Public Market and selected supermarkets in Makati City on 13 January 2023.
Senator Mark A. Villar, being the Chairman of the Senate Committee on Trade and Industry, joined DTI in this market monitoring activity to inspect the actual operations of vendors in wet markets and understand the reason behind rising prices of some agricultural products. “Our unceasing on-the-ground price and supply monitoring is also a strong warning that the Department will pursue strict measures against unscrupulous business practices like hoarding, profiteering, and cartels,” he added.
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