PRICE ALERT: Canned Food Price Increase Looms
Time to buy now for your noche buena spread because canned goods may soon see a price increase.
According to a GMA news article, the Department of Trade and Industry (DTI) received requests from manufacturers of canned food, namely those who produce sardines, canned meat, coffee, and evaporated milk, for a price increase. The price increase being requested ranges from P0.50 to P5 for the said food items.
It may be a few months away yet but this request might affect your Christmas grocery shopping list, too. While sardines and canned meat may not be part of your noche buena feast, it was noted in the report that some classic holiday food items, such as the jamon or ham, queso de bola or Edam cheese balls, and even the elbow macaroni for your macaroni salad, are not part of the food listed as "essential" food items and may be subject to price increases.
According to last year's Suggested Retail Price (SRP) for Noche Buena products, these are some of the most affordable food items for Noche Buena on its list:
- • Ham = P158/500 grams
- • Queso de Bola = P200/350 grams
- • Cheese = P49.50/165 grams
- • Mayonnaise = P28/80 ml
- • Elbow Macaroni = P18.75/200 grams
- • All-purpose Cream = P59/250 ml
Worried about your grocery bill come December? The good news is that should there be a price increase, the increase is hoped to be gradual and not staggering for the public.
In the same report, Philippine Amalgamated Supermarkets Association Incorporated (PASAI) President Steven Cua said, "Pwede namang staggered din. Pwedeng 2% ngayon, another 6% next time" while DTI Undersecretary Ruth Castelo said, "We limit sana the price increases [of Noche Buena items]. Kung magi-increase sila ng presyo sana not more than 10%."
What does this mean? You can shop as early as now and save your food budget come December.
Thinking about what to cook next? Join our Facebook group, Yummy Pinoy Cooking Club, to get more recipe ideas, share your own dishes, and find out what the rest of the community are making and eating!
Got your own version of the classic dishes? Pa-share naman! Get your recipe published on Yummy.ph by submitting your recipe here.