Pork, Chicken Price Cap Raised, Lifting Prices To Ease Inflation
CHICKEN, PORK PRICE CAP – Due to the coronavirus pandemic, the economy of the Philippines suffered a massive blow.
Unfortunately, a year into it, the economy has yet to recovered, leading to another inflation. As such, the Department of Agriculture (DA) extends the price cap for both pork and chicken until next month (April 8).
![Price Cap For Pork, Chicken Raised Until April 8 – Agri Dept.](https://philnews.ph/wp-content/uploads/2021/03/image-52.png)
Because of this, the prices of these products will see an increase, especially since the African Swine Fever crisis is still present. Previously, President Rodrigo Duterte mandated the following price caps on select meats sold in the National Capital Region:
- Pork shoulder and legs: P270/kilo
- Pork belly: P300/kilo
- Chicken: P160/kilo
According to an article from ABS-CBN, the President’s Executive Order No. 124 read:
“The current retail prices of basic necessities in the National Capital Region such as pork and chicken have increased significantly, causing undue burden to Filipinos, especially the underprivileged and marginalized“
However, despite the cap in prices, the country’s economy still had an inflation of 4.7% on February from 4.2% in January. This almost doubled the 2.6 percent period from last year.
But, Malacañang said that the price hike due to inflation would only be temporary. “We are intensifying efforts to ease inflation through immediate interventions… We have implemented pro-active measures“, Presidential Spokesperson Harry Roque said in a statement.
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