Philippine Basic Goods Prices Held Until May 10, Government Prevents Inflation from Spreading

Consumer protection officers from the Department of Trade and Industry in Bicol, Philippines monitor the prices of basic commodities. (Photo DTI - PNA)

JAKARTA - The Philippine government ensures that the prices of basic necessities and key commodities do not rise until May 10, 2026. This step was taken to protect consumers from the impact of rising global fuel costs.

The Philippine News Agency (PNA) quoted Wednesday, April 29, reported that the certainty was conveyed by Deputy Minister of the Philippine Department of Economics, Planning, and Development, Joseph Capuno, in a hearing of the Senate PROTECT Committee, Wednesday.

Capuno said the Philippine Department of Trade and Industry or DTI had reported a commitment to no price increases for basic necessities and key commodities until May 10.

This policy is part of the UPLIFT program, a government integrated package for livelihoods, industry, food, and transportation. The program was prepared to withstand inflationary pressures.

The Philippine government has also tightened monitoring of food prices, medicines, and other essential goods. The goal is to prevent unreasonable price increases amid global supply disruptions.

Capuno said the government was preparing logistical support, toll rate cuts, and port fee relief. The move is expected to keep supply chains running smoothly and prices stable.

The Philippine government will also accelerate the distribution of assistance in areas where the data of recipients, payment channels, routes, stations, and technical implementation are ready.

In the food sector, the 20 peso per kilogram rice program was also expanded. This program runs in conjunction with price monitoring so that food remains affordable.