DTI: No price hike yet in basic goods

“If suppliers increase their prices, we don‘t have a choice but to pad the same margins. Our selling prices of these items will effectively increase, too,” Steven Cua, president of the Philippine Amalgamated Supermarkets Association, told The Manila Times in a text message. “We pad a regular margin on the different categories found inside a supermarket. Samples of categories are bread, coffee, milk, shampoo, toothpaste, non-edibles…. There will be some exceptions, as agreed upon with suppliers. If suppliers don‘t increase or decrease their prices, we [also] don‘t,” Cua explained. On Tuesday, the Department of Trade and Industry said food manufacturers…