Saturday 15 December 2018
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inquirer - 3 month ago

Price cap urged as inflation hurtled past forecasts

A consumer advocacy group led by a former trade official called anew for a price ceiling on selected basic goods after inflation surged to its highest in more than nine years. In a text message to reporters, Laban Konsyumer Inc. president Victorio Dimagiba said the government could arm itself with the Price Act to justify the move. The law provides mandatory price ceilings in certain worst case scenarios. He said this should be applied to certain goods such as rice, sugar, chicken, milkfish, canned

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