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

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) reported that Deputy Minister of the Philippine Department of Economics, Planning, and Development, Joseph Capuno, conveyed this certainty during a Senate PROTECT Committee hearing on Wednesday, April 29. Capuno stated that the Philippine Department of Trade and Industry (DTI) had committed to no price increases for basic necessities and key commodities until May 10. This policy is part of the UPLIFT program, an integrated government package for livelihoods, industry, food, and transportation, designed to mitigate inflationary pressures. The government has also tightened monitoring of food prices, medicines, and essential goods to prevent unreasonable price increases amid global supply disruptions. Capuno mentioned preparations for logistical support, toll rate cuts, and port fee relief to ensure stable supply chains. Additionally, the government will accelerate assistance distribution in areas with ready recipient data and payment channels. In the food sector, the 20 peso per kilogram rice program was expanded alongside price monitoring to keep food affordable.