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Nakakalula sa taas! Alan Cayetano asks DTI: Address price hike of basic goods

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Taguig Rep. Alan Peter Cayetano has called on the Department of Trade and Industry (DTI) to address the alarming spike in prices of basic goods in recent weeks.

In a Facebook post, the former Speaker said the high prices of goods, along with joblessness and inadequate income should be addressed so more Filipino families would be self-sufficient.

“We are faced with a grave crisis, whose length and breadth is not yet known. We all need to stand together now if we are to meet and overcome this challenge,” he said.

Citing figures from the Philippine Statistics Authority (PSA), Cayetano said the prices of basic goods rose by 3.5% in December last year.

Cayetano said while the Bangko Sentral ng Pilipinas had expected the increase due to rising prices of oil and agricultural products, it is “one thing to look at the numbers on a spreadsheet, and quite another when you see the effect on the faces of our kababayans.”