Price Increases Means Shoppers Cut Back purchases
PHILIPPINES - As the price of food continues to soar, consumers are becoming more economical about how much they purchase.
8 April 2008
2 minute read
Housewife Cecelia Cabido of Alaska Mambaling, Cebu City of Alaska Mambaling, Cebu City, used to buy two kilos of pork during her twice-a-week shopping at the Carbon public market. Lately, she decided to cut it to one kilo after the price of meat went up by P15 per kilo in recent months, coupled with the higher cost of rice.
According to the Global Nation-Inquirer a kilo of pork now costs P140 to P150 per kilo.
“The budget of the family is very tight especially that we are sending children to college,” said Cabido .
Cabido is just one of many consumers who have noticed that prices of pork at the wet markets and supermarkets have shot up.
A representative of a hog raisers group urged government to conduct price inspections because market vendors were making unreasonable markups on every kilo of pork meat.
“The government should check prices in food in the market. Some are selling pork at P180 per kilo. That's too much for consumers. This is the part where government should consider price control,” said Plutarco Ong, president of the Cebu Association of Meat and Poultry Products Multi-Purpose Cooperative.
