July 2, 2018 – WE BUY, THEREFORE WE KNOW PRICES HAVE RISEN! THE Department of Trade and Industry (DTI) said the prices of most goods it is monitoring have not moved since November, … [Read more.]

Published by rudy Date posted on July 2, 2018

DTI says only few prices have moved since Nov.

by Janina C. Lim, BusinessWorld, Jul 2, 2018

THE Department of Trade and Industry (DTI) said the prices of most goods it is monitoring have not moved since November, and neither have its suggested retail price (SRP) ceilings on commonly-purchased goods.

“[S]ometimes, the manufacturers announce that they’ll have an increase, but the actual prices that we noted earlier, the actual prices that we noted in November to June, did not move. So it shows that even the SRPs did not increase,” Trade Secretary Ramon M. Lopez said in a statement.

Mr. Lopez used November as the base period because it came before price increases in tin plate and oil. Also, it was two months before tax reform took effect in January.

He said the DTI also found that only eight items of consumer goods — known in inventory identifying systems as stock keeping units (SKUs) — registered increases in process monitored between June 11 and 15. There are about 101 SKUs under the basic commodities category including canned sardines, processed milk, coffee refills, bread, instant noodles, detergent bars, and bottled water.

The increases ”only range from 4% to 7% for canned sardines, 2% for milk, and there are also products that posted a decline in prices, about 5 SKUs. For 88 of the 101 there is practically no change in the prices in the past 6 or 7 months,” Mr. Lopez add.

Among prime commodities — the next category in the basic needs tier which include canned meat, condiments, meat products, condiments, toilet soap, bath soap, and batteries, the DTI monitors 43 SKUs, with 13 registering price increases.

“So there’s no truth to the claims of many that it’s like everything is going up. It’s only 13 out of 43. And this is in prime commodities, not even basic necessities,” Mr. Lopez added.

The DTI recently found 85 cases where pricing exceeded the SRP by a few centavos. But aside from these minor violations, it found that retailers, overall, were selling at prices below SRPs.

“Even when we go to the provinces, sometimes, I’m pleasantly surprised by items that are P1-2 lower than the SRP,” Mr. Lopez said.

“And that’s the reason why in some interviews, I say that if you’re really looking for cheap prices, why don’t you go to groceries and supermarkets? Prices are more stable there and cheaper. It’s not that I’m favoring the supermarkets and groceries. There’s no SRP in public markets,” he added in his speech during the recently held Philippine Retailers Association General Membership meeting for the second quarters.

The DTI has increased the number of stores it inspects weekly to 600 from 400. In the regions, it evaluates 500 stores weekly. —

July 2025

Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.

Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

July


3 July – International Day of Cooperatives
3 Ju
ly – International Plastic Bag Free Day
 
5 July –
World Youth Skills Day 
7 July – Global Forgiveness Day
11 July – World Population Day 
17 July – World Day for
International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons 


Monthly Observances:

Schools Safety Month

Nutrition Month
National Disaster Consciousness Month

Weekly Observances:

Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week

 

Daily Observances:

First Saturday of July:
International Cooperative Day
in the Philippines

Categories

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.