Price freeze declared in Albay, CamSur


Posted at Dec 08 2014 07:30 PM | Updated as of Dec 09 2014 03:30 AM

MANILA – The Department of Trade and Industry (DTI) has declared a price freeze in Albay and Camarines Sur, two areas placed in a state of calamity after being hit by Tropical Storm Ruby.

Trade Undersecretary Victorio Mario Dimagiba said the price freeze is in effect in the two provinces while close monitoring is being done in Masbate, Catanduanes, Capiz, Leyte, and Samar.

Prices and supplies of goods are also being closely watched in Romblon, Occidental Mindoro, and Oriental Mindoro.

Price monitoring has also been intensified in Northern Samar, Eastern Samar, Samar, Leyte and Southern Leyte, where “Diskwento Caravans” will also be mounted.

Dimagiba said prices and supplies in supermarkets and groceries in the National Capital Region, meanwhile, are stable.

He said there are also no signs of panic buying as large supermarket chains under SM and Robinsons operated on normal hours.

The storm first made landfall in Eastern Samar, leaving at least 27 people dead and thousands displaced.

Ruby (international name: Hagupit) was classified as a typhoon when it made landfall, but later downgraded to a tropical storm.