“We don’t expect prices to go up this Christmas because first of all demand is weak,” said Lopez in a radio interview citing the low inflation rate at 2.5 percent in August. Nonetheless, he said that companies will come up with their suggested retail prices for Christmas products.
Usually, supply of Noche Buena products come short. The list includes products such as ham, fruit cocktail, cheese, sandwich spread, mayonnaise, keso de bola, spaghetti, macaroni, spaghetti sauce, tomato sauce and creamer.
Amb. Benedicto Yujuico, however, said that the sales performance this Christmas season would be a good indicator of both business and consumer confidence on the economy.
This story is from the September 20, 2020 edition of Manila Bulletin.
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This story is from the September 20, 2020 edition of Manila Bulletin.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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