Price Freeze Ordered in the Philippines
Philippine President Ferdinand R. has ordered a price freeze on basic and prime commodities until the end of the year.
The President’s order ensures that there should be no price movement ahead of the holiday season.
The Department of Trade and Industry (DTI) will keep consumer prices stable during the holiday season. Palace Press Officer Clarissa A. Roque assured that the private sector is cooperating with the government to stabilize prices and protect consumers from inflationary pressures.
- The price freeze covers basic and prime commodities.
- The freeze will last until the end of the year.
- Government agencies are working to keep prices fair and reasonable for Filipino consumers.
Author's summary: Philippines imposes price freeze until year-end.
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