Stable ‘Noche Buena’ food prices assured

Department of Trade and Industry (DTI) Undersecretary Teodoro Pascua on Wednesday said the government is working to ensure continued stable prices for Noche Buena (Midnight Meal) Christmas foods and prime commodities. He foresees no higher consumer prices until the end of December, even with the recent Philippine peso depreciation similar with other Asian currencies.

In a news conference at the Pandesal Forum of Kamuning Bakery Café in Quezon City, Pascua cited the continued stable prices of pandesal, breads and other flour-based food products were the result of the government’s continuous consultations with bakery groups and other sectors, as well as declining global prices of wheat and flour.