Prices of basic goods to stay stable despite typhoon's onset —Palace

Prices of basic commodities will remain stable amid the onslaught of Super Typhoon Rolly.

Presidential spokesperson Harry Roque made the assurance on Sunday, citing the Department of Trade and Industry (DTI), during a briefing with other concerned government officials regarding preparations and impact mitigation of tropical cyclone.

"Ayon sa DTI, generally price and supply of basic necessities and price commodities remain stable," Roque said.

Section 6 of RA 7581 or the Price Act of 1992 states that prices of basic necessities in an area will be automatically frozen at their prevailing prices or placed under price control automatically if that area is proclaimed a disaster area of under a state of calamity.

"Ang pakiusap ng presidente sa panahong ngayon ng aberya, sana bayanihan. Yung mga nagbebenta ng kailangan ng ating mga kababayan, sana huwag pagsamantalahan," Roque said.

"Mino-monitor ang mga ito ng DTI para siguraduhin na masusunod ang suggested retail price," he added.

Super Typhoon Rolly made its second landfall over Tiwi, Albay on Sunday morning.

Tropical Cyclone Wind Signal (TCWS) No. 5 is also raised over Albay and Camarines Sur.

Meanwhile, TCWS No. 4 has been raised over Catanduanes, Camarines Norte, Burias Island, Batangas, Cavite, Metro Manila, Laguna, Marinduque, and portions of Sorsogon, Quezon, Rizal, Romblon, Occidental Mindoro, and Oriental Mindoro.

Lower tropical cyclone wind signals have also been hoisted in other areas in Luzon and Visayas. —LBG, GMA News