00:00The belt will be tightened for the next month because more than 60 products were approved by the Department of Trade and Industrial DTI to raise prices.
00:13Bernadette Reyes is on the news.
00:19February is not just a month of love, but also a month of love for 63 products.
00:27It includes several brands of sardines, coffee, milk, even candles and batteries.
00:32It was approved by the Department of Trade and Industry and manufacturers.
00:36According to DTI, they tried to talk to the manufacturers.
00:40But they also need to understand why the prices are rising.
00:45Their raw materials are really rising.
00:48They also need to earn.
00:50We also don't want the people they employ to lose their jobs.
00:54According to the Department of Trade and Industry, 63 products will raise prices by the end of February.
01:01But more products will not rise.
01:0572% will not have any price increase.
01:08And if ever there is a price increase, just below 28%.
01:12Most are below 5% and a little bit below 10%.
01:17So the price increase is just very minimal actually.
01:21Until now, there are people who are thinking of ways to talk to the buyers
01:25on how to fit the shrinking budget.
01:28For example, mix the sardines with misua to increase the price.
01:34Or tanghon, it depends on what is cheaper.
01:39DTI will release a new suggested retail price guide in February.
01:44For GMA Integrated News, Bernadette Reyes, Nakatuto, 24 Hours.
01:50NAKATUTO.COM
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