PRICES of basic commodities should remain at current levels around the country as the Department of Trade and Industry is currently enforcing a price freeze in light of the declaration of State of National Calamity following Typhoon Yolanda that hit central Philippines.

DTI Director Peter Mangabat said the price freeze is a mitigating measure to protect consumers from undue price increases given the impact of the super typhoon not only in affected areas but throughout the country.

“Prevailing prices should not go beyond the suggested retail prices,” said Mangabat.

Basic and prime commodities include canned sardines, processed milk, coffee, detergent and bath soaps, candles, bread, salt, flour, processed/canned pork and beef, instant noodles, vinegar, patis, soy sauce, batteries, construction materials and electrical supplies.

Mangabat warned retailers to observe the price freeze to avoid sanctions and penalties imposed under the Price Act (RA 7581), which is a maximum of 10 years imprisonment and fine of P1 million.  (PIA1-Pangasinan/VHS)

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