An official of the Federation of Philippine Industries (FPI) on Tuesday said greater coordination between the government and industry players resulted in almost steady prices of commodities for the Christmas season.

FPI chairperson Beth Lee cited the Department of Trade and Industry’s recent announcement that a large number of Noche Buena items retained their 2024 prices. A few increased while some even decreased.

“Manufacturers have stepped up, absorbing higher costs from fuel, logistics, packaging, and raw materials — even as recent typhoons disrupted local supply chains. This commitment reflects their dedication to consumers and to sustaining holiday traditions,” she said in a statement.

She said food costs are driven upward by global and local factors.

“The peso’s depreciation makes imported inputs more expensive, fuel and logistics costs remain elevated, packaging materials have risen in price globally, and recent typhoons would obviously disrupt local supply chains, especially in hardest hit areas,” she said.

To maximize the collaboration, she cited the need for proactive measures to make price stability “truly sustainable.”

“These steps will move us toward resilience that extends beyond seasonal adjustments and secures long term stability for both industry and consumers. This way, we can not only safeguard consumers from sudden price shocks but also support the long term competitiveness of local manufacturers,” Lee said. (PNA)