The government continues to monitor prices of food and other basic commodities to protect consumers from unjustified price increases particularly those living in calamity areas, a Palace official said on Tuesday.
“In the calamity-affected areas, government is restoring supply lines disrupted by Typhoon Yolanda and the earthquake to stabilize prices of food items and eventually bring these back to pre-disaster levels,” Communications Secretary Herminio “Sonny” Coloma Jr. said in a statement Tuesday.
Coloma also said that as noted by the National Economic and Development Authority (NEDA), December prices are seasonally high because of Christmas spending.
“Hence, NSO reported that headline inflation for the whole country increased from 3.3 per cent in November 2013 to 4.1 percent in December 2013,” he said.
“In areas outside of the NCR [including Eastern and Central Visayas], headline inflation were even higher at 3.8 percent in November 2013 and 4.6 percent in December 2013.”
He also pointed out, however, that year-to-date headline inflation rate for the entire country as of December 2013 was 3 percent, or at the low end of the 3-percent to 5-percent annual inflation projections of the government’s Development Budget Coordination Committee.