Why do we have price hikes?

Prices, fares, toll go up Posted by alvin_mejia on 11 Jan 2011 Link (URL):  http://newsinfo.inquirer.net/inquirerheadlines/nation/view/20110106-312741/Prices-fares-toll-go-up Date:  Thu, 2011-01-06 MANILA, Philippines—The start of 2011 seems to bode ill for Filipinos as bread and  public road transport—from jeepney and bus to taxi and light rail transit rides—                                   are expected to cost more. Bakers on Wednesday said bread prices would go up in the coming weeks if prices of                                 flour and sugar did not go down soon. In Lapu-Lapu City, where Gardenia Bakeries Philippines Inc. inaugurated a plant                                    Wednesday, its president said a bread-price increase was imminent because                                             bakers had yet to pass on to consumers the increase in flour and sugar prices                                          from late last year.