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Thursday, February 5, 2015

Prices of basic commodities remain stable, says DTI

By Alfonso T. Ruda
DIPOLOG CITY - The prices of basic necessities and prime commodities in Dipolog City and the province of Zamboanga del Norte have remained stable since November 2014 until January 31, 2015, according to the provincial office of the Department of Trade and Industry (DTI) here.

Provincial Director Noel Bazan said this report was based on the regular price monitoring conducted by the DTI to the local business establishments and retailers in the city.

Bazan added that the suggested retail price (SRP) issued by the manufacturers through their distributors here is the same SRP used by the DTI in its price monitoring. The latest SRP was issued on Nov. 7, 2014.

As of press time, the Consumer Protection Group (CPG) in Manila through DTI Undersecretary Victorio Mario Dimagiba, has been conducting a meeting with the manufacturers to determine the new SRP.

It was learned that other manufacturers have already announced to reduce their retail price, however the DTI has yet to receive one for the purpose.

It was expected that due to a series of price rollback in petroleum products, there would also be corresponding reduction in the prices of basic commodities, since fuel has been considered as one of the major component in the total production cost.

Bazan assured the public that a new SRP would be immediately implemented and disseminated to all retailers as soon as his office shall have received it from the central office.

However, he clarified that not all products is under the jurisdiction of DTI. “What we are monitoring is only the retail price of canned goods, milk, coffee, laundry soap, instant noodles, luncheon meat, corned beef, vinegar, soy sauce, batteries and selected construction products.”

Those who have complaints about the prices of the above-mentioned commodities can visit the concerned agencies for appropriate action, the provincial director urged.