Market in Buhi, Camarines Sur
MANILA, Philippines — The National Price Coordinating Council (NPCC) immediately convened following the announcement of the 5.7 percent inflation last July.
In the meeting, the NPCC identified the commodities that increased in price which include rice, fish, vegetables and sugar.
To address this problem, the government will soon import such products to augment the supply.
NPCC chairman and Trade Secretary Ramon Lopez said, “When we talk of importation kailangang masigurado rin na it will really go to the retail; either diresto sa market o diresto sa mga user industries.”
The government is also eyeing the implementation of a five percent tariff on the prices of imported products to protect the local industry and farmers from the impact of the tariffication of sugar, rice and other commodities.
Lopez added that the high price of oil in the world market is the main culprit in the surge of prices and not the tax reform law.
“Na wrong timing itong TRAIN implementation, but it’s a needed reform but pero without the TRAIN makikita mo, kung hindi tayo nag TRAIN talagang yung presyo tataas because of the world oil price yung galaw nya.”
Meanwhile, a consumer group is offering another solution.
For Laban Konsyumer group, the NPCC must implement a moratorium on the price increases listed on the expanded suggested retail price and discourage the use of easy-open lid for canned products as it costs higher than the regular canned sardines and meat.
The group also suggests that the National Food Authority start the implementation of the 10 to 50 percent discount to consumers and to strictly monitor the price of basic goods in all the market in the country
Meanwhile, the government is appealing to the public to wait for three more months to feel the effect of these solutions. — Mon Jocson