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Price Freeze on Essentials After National Calamity Declared

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Photo courtesy of Inquirer

 

The Department of Trade and Industry (DTI) has announced a 60-day freeze on the prices of basic necessities across the Philippines. This follows President Ferdinand Marcos Jr.'s declaration of a state of national calamity due to the widespread damage caused by Typhoon Tino and the looming threat of another potential super typhoon, Uwan. The freeze aims to prevent any price hikes until the end of the year, safeguarding consumers during this critical period.

 

Marcos's declaration on Thursday activated the price control measure nationwide, extending the previous freeze which was limited to areas severely hit by Typhoon Tino, such as Guiuan in Eastern Samar, Cebu City, and Dinagat Islands. The decision is part of ongoing efforts to stabilize essential goods' availability and prices amid natural disasters, as well as to prepare for Uwan's possible impact.

 

The DTI is collaborating closely with the National Price Coordinating Council (NPCC) and other agencies to ensure compliance and sufficient supply throughout the country. “The DTI is working round-the-clock with manufacturers, retailers, and distributors to ensure steady stock of basic necessities,” a statement from the department emphasized. Regional and Provincial DTI offices have been instructed to enforce the freeze rigorously and maintain adequate supply chains.

 

Experts and consumer groups have expressed support for the move, noting that it provides necessary relief to many who have been affected by the storms. The National Disaster Risk Reduction and Management Council reported that Typhoon Tino has resulted in 188 fatalities, with an additional 139 injuries, underscoring the critical need for accessible and affordable basic goods.

 

Looking ahead, the DTI will be monitoring the situation closely, with evaluations set for the end of the 60-day period. Adjustments or extensions of the price freeze could be considered based on weather developments and supply chain assessments. The government's proactive stance aims to mitigate further disruptions and maintain stability in the marketplace.

 

Key Takeaways

  • A 60-day price freeze on essentials is in effect nationwide.
  • The measure follows a national calamity declaration due to recent typhoons.
  • Supply and compliance are monitored by the DTI and related agencies.

 

Click here for more Philippines stories

 

image.png  Adapted by ASEAN Now from Inquirer 2025-11-07

 

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Would be interesting to see how this works in practice, and what the enforcement is.

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