The Department of Trade and Industry (DTI) announced on Friday, Nov. 7, the implementation of a 60-day price freeze on basic goods following the declaration of a national state of calamity due to Typhoon Tino.
The measure seeks to maintain stable market prices of essential goods throughout the emergency period. DTI officials reminded businesses to adhere to the directive and warned of penalties for violations.
Inspectors will conduct regular monitoring to ensure compliance with the price freeze. The directive covers essential goods such as rice, canned meat, instant noodles, and other basic necessities.
The national state of calamity enables the government to allocate resources and extend aid to affected areas. Local governments are working with national agencies to coordinate relief operations.
DTI is working with the Department of Social Welfare and Development (DSWD) to oversee the distribution and pricing of essential goods. The agency emphasized that the 60-day freeze follows standard emergency protocols and may be extended if conditions warrant.
Consumers can report price freeze violations through the DTI hotline. The agency reaffirmed its commitment to safeguarding consumer welfare and preventing hoarding or price manipulation during the recovery period.
