PRICES of manufactured basic necessities and prime commodities remained stable in the first seven months of 2016, according to the Department of Trade and Industry (DTI) on Tuesday.
DTI’s latest price monitoring report released in early August says the price of goods such as King Cup canned sardines 155g, Surf Bar Kalamansi 390g, Datu Puti Vinegar 350ml, Datu Puti Soy Sauce 350ml, Safeguard toilet soap 90g and 1L Summit mineralized bottled water during January to July were lower by P0.50, P1.10, P0.20, P0.35, P1 and P3, respectively compared with their suggested retail price (SRP)
The retail prices of some items with no SRP such as certain brands of canned sardines, powdered milk, coffee refill, detergent soap, luncheon meat, meat loaf, vinegar, soy sauce, toilet soar and flour also found to have declined by between 15 and 95 centavos in the first week of August.
All other goods that are monitored by the agency remain unchanged.
“Although prices are stable for the past months, the DTI will continuously intensify its price monitoring efforts to safeguard consumers’ access to reasonably-priced basic necessities and prime commodities,” said Ann Claire Cabochan, DTI-Consumer Protection Group officer-in-charge director.
DTI’s Fair Trade Enforcement Bureau (FTEB) conducts regular price monitoring activities in over 300 supermarkets and groceries in the National Capital Region (NCR). DTI Regional and Provincial Offices monitor supermarkets and groceries outside the NCR.
Consumers, retailers, distributors and manufacturers can also check for the SRPs and prevailing prices of all basic and prime goods being monitored by the DTI, including those stores having the lowest prices at DTI’s online price monitoring system, e-Presyo which can be accessed through www.e-presyo.dti.gov.ph or downloaded from Play Store using any Android device.