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Sorsogon Gov. Chiz Escudero warns vs higher prices of goods

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While many are happy that the government has provided cash aid to the poor and the vulnerable, Sorsogon Gov. Chiz Escudero said people should remain vigilant.

In a Facebook post, Escudero warned against the possible increase in the prices of goods since people may have money, but the supply may not be enough because of problems in delivery.

He said a high demand coupled with low supply is a formula for higher prices.

He called on the Department of Trade and Industry and the Department of Agriculture to keep a close watch on the prices.

Let’s be eagle-eyed!

“Dapat bantayan ang posibleng pagtaas ng presyo na dulot ng Social Amelioration Program dahil may pambili pero walang mabili dahil sa problema sa supply chain ng bansa.

Mataas na demand + mababang supply = mataas na presyo.

Dapat masigasig ang pag-monitor ng presyo ng DTI at DA,” Escudero posted.