Prices of canned goods on an uptrend
A Department of Trade and Industry (DTI) data showed that some canned goods being sold in the country got a little more expensive, but Trade Secretary Ramon Lopez was quick to say it doesn’t have something to do with June’s inflation numbers.
An Inquirer report showed that the actual prices of 10 out of 23 brands of canned meat and canned beef, such as luncheon meat and corned beef, went up by 10 percent.
“This came at a time when the prices of some products increased, as inflation picked up faster than expected to 5.2 percent year-on-year in June, the highest in more than five years,” the report further said.
However, Lopez pointed out that some of the products being monitored by the DTI are not included in the inflation basket of goods.