Noche Buena Items Prices Expected to Increase During Christmas Season
The prices of Noche Buena items are expected to increase during the Christmas Season, according to a group of supermarkets in the country.
Philippine Amalgamated Supermarkets Association President Steven Cua announced that the prices of Noche Buena items may increase by four to eight percent a few weeks before the Yuletide season.
Cua said that grocery items that will be used for Noche Buena may climbed by P0.25 up to P2.00. He advised the public to plan well regarding the items they would buy to make their money enough.
“Puwedeng magtaas nang 25 centavos up to around probably P2 for the big packs, Kaya we need to plan what we need to buy para magkasya ang grocery basket natin sa pangangailangan ng pamilya.” Cua said.
The Department of Trade and Industry has allowed the manufacturers to impose an increase on prices of Noche Buena products. The grocery items have their last increase last 2019.
Some manufacturers announced an increase on prices of condiments, canned tuna, pasta, biscuit and frozen meats this month of November. Manufacturers impose the price hike for extra income, which is needed for the 13th month pay of their employees.
Cua also explained that oil price hike is not the only reason for the surge of grocery products but the low demand is one of the major reasons.
This would be the second time that Philippines would celebrate the Christmas Season under the coronavirus pandemic. However, many businesses could now resume their operations due to the decreasing cases of COVID-19.
What can you say about the impending price surge? Just feel free to leave your comments and reactions to this article.
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