Prices of vegetables declined sharply in April this year as supply has become abundant, authorities said.
“Our (vegetable) prices are significantly lower at an average of 50 percent, much lower compared to February,” Agriculture Secretary William Dar said.
It’s already the season for vegetables, the Department of Agriculture (DA)said
Meanwhile, prices of non-agricultural products remained stable,the Department of Trade and Industry (DTI) said.
For non-agricultural products, Trade Secretary Ramon Lopez said there have been no price increases for basic necessities and commodities since September 2019.
“But notably, we are studying some requests given the increasing cost in the world market of their cost items,” Lopez said.
Both officials vowed to monitor the movement of prices and supply of food products in the domestic market to ensure that Filipinos would not be burdened with higher food prices while struggling amid the pandemic.
Inflation in March this year eased to 4.5 percent from the 26-month high of 4.7 percent in February.
Photo by PNA