More price hikes seen after the holiday season

The Department of Trade and Industry (DTI) is expected to increase the suggested retail prices (SRP) for basic necessities and prime commodities in January, dimming hopes of consumers for some break after the price hikes in Noche Buena items during the holidays. According to Trade and Industry Secretary Alfredo Pascual, the department has been studying price adjustment requests involving involving 55 out of the 218 stock keeping units (SKUs) they are monitoring. Among the products requested for price hike are canned goods, milk, bread, instant noodles, laundry soap, salt, soy sauce and toilet soap, and candles, Pascual said. "Even if we process the data, it will take us beyo...

Keep on reading: More price hikes seen after the holiday season

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