DTI Recognizes Four Key Areas to Tame Inflation

The Department of Trade and Industry (DTI) has noted four key areas that programs and policies should be intensified in order to tame inflation.

The DTI released a statement saying that it will focus on monitoring consumer pricing, improving the country’s supply and logistics chain, and in investment promotion and partnership with other government agencies.

According to the DTI, the quick increase in prices of services and goods is closely observing the prices of basic necessities and also aids in monitoring the prices of agricultural products that have been unstable in the last months.

DTI has added that it is in collaboration with manufacturers to secure the stable supply and reasonable prices of basic necessities and prime commodities (BNPCs).

“The DTI continues to capacitate local price coordinating councils to enforce monitoring, compliance, and accountability of all stakeholders at various supply chain stages, including market masters, administrators, retailers, and wholesalers,”  mentioned DTI Secretary Alfredo Pascual.

To control consumer prices, Secretary Pascual has mentioned that the DTI has connected with the Department of the Interior and Local Government (DILG),  the Department of Agriculture (DA), and the micro, small and medium enterprises (MSMEs) to roll out the Kadiwa stores and Diskwento caravans to give access to affordable BNPCs and agricultural items.

For Sec Pascual, enhancing the logistics infrastructure and supply chain of the country is important to lessen the costs of the items.

“For this, we have the Supply Chain and Logistics Management Division under DTI that is working to lower logistics cost and simplify the transport of products from the point of origin to its destination,” he said.

Source: Philippine News Agency