MANILA – After issuing the new suggested retail prices (SRPs) for basic goods and prime commodities, Department of Trade and Industry (DTI) Secretary Alfredo Pascual plans to review and streamline the list.
Pascual told reporters Friday that he wants to rationalize the SRP list, focusing on products that are mostly purchased by the general public.
“For example, ‘yong mga water in big containers, hindi naman ‘yon binibili ng mga mass base na population. Binibili nila, mga 300 (milliliters)… ‘Yon ang binabantayan namin ang increase. Pero ‘yong mga five gallons, bihira bumibili noon. Kaya I was thinking na baka ‘yon, pwede naming i-exclude (For example, the water in big containers, these are not being bought by the mass base population. They buy the 300 (milliliters)… That’s what we are monitoring for the increase. But the five gallons, those are rarely bought. So I was thinking that maybe, we can exclude it),” he said.
The new SRPs of basic goods and prime commodities took effect Friday, with over 60 shelf keeping units (SKUs) with adjusted prices, Pascual said.
DTI’s previous update on SRPs of basic goods and prime commodities was last January 27.
The DTI chief added there are some products with price increments higher than the inflation rate as their prices were not moving for some years.
He said in one case, the last price adjustment was made in 2014.
“The price increase is requested upon us then we evaluate. We do our own calculation of the cost of the raw materials and determine what should be the movement,” Pascual said.
The new SRP list can be accessed through www.dti.gov.ph/konsyumer/latest-srps-basic-necessities-prime-commodities/.
Basic goods include canned sardines, processed milk, coffee, bread, instant noodles, salt, detergent soap, bottled water, and candles, while prime commodities include meat loaf, beef loaf, corned beef, soy sauce, vinegar, fish sauce, toilet soap, and battery.
The DTI also issued SRP list of school supplies in time for the upcoming face-to-face classes that can be accessed through www.dti.gov.ph/advisories/srp-school-supplies-081122/. (PNA)