PhilBaking requested an increase in price for baked goods in response to inflation. In response, DTI is currently considering the proposal by PhilBaking.
The Department of Trade and Industry (DTI) is considering allowing price increases for some baked goods as proposed by the Philippine Baking Industry Group (PhilBaking).
Baked goods that are under consideration for price hikes are pandesal and the white bread sliced loaf known in the Philippines as “tasty.”
CPG Undersecretary Ruth Castelo confirmed to One News Friday that the PhilBaking requested a P4 increase in the prices of Pinoy delicious and Pinoy pandesal last August.
This is due to the rising prices of raw materials, packaging, and other costs globally.
In response, Trade Undersecretary Ana Carolina P. Sanchez said that the Consumer Protection group is studying the proposal and will endeavor to find optimal arrangements.
Meanwhile, Castelo expressed hope that bread manufacturers would consider lowering their requested price to P2 for now as it is going to be less affordable for consumers.
Baked goods prices
A 10-piece package of pandesal currently costs P23.50, while a 450-gram loaf of delicious bread costs P38.50.
The group said that the proposed price hike is intended to meet increased manufacturing costs and inflation.
If the proposal is approved, the price of pandesal will increase to P27.50 while tasty bread will sell for P42.50.
Tags: #DTI, #BakedGoods, #PriceHike