MANILA: The Department of Trade and Industry (DTI) on Wednesday said it is mulling to drop some items for monitoring under the suggested retail price (SRP) bulletin.
The DTI said in a statement it has floated this plan to the National Price Coordinating Council (NPCC) during their last meeting on June 27.
“Our goal with this proposal is to improve the usability and relevance of the SRP Bulletin, making it a more effective tool for consumers to make informed purchasing decisions. By aligning the SRP with essential daily and emergency items, we are taking a significant step towards better price stability and consumer protection,” DTI Secretary Alfredo Pascual said.
The DTI said various stakeholders, including Department of Social Welfare and Development, Philippine Statistics Authority (PSA), Philippine Amalgamated Supermarkets Association, Inc. (PAGASA), Philippine Association of Stores and Carinderia Owners, and several retailers were consulted about the proposal of delisting some items from the bulletin.
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mong the products the DTI proposed to delist from the SRP were condensed milk, condensada, evaporated milk, evaporada, coffee refill, candles, salt, bottled water, condiments, and batteries.
On the other hand, the DTI proposed to retain sardines, powdered milk, bread, laundry soap, instant noodles, processed and canned pork, beef and poultry meat, and toilet soap in the SRP list.
The DTI added a technical working group will be established to further study the proposal and finalize the list of stock keeping units for each of the category in the SRP bulletin.
DTI Undersecretary Jose Edgardo Sunico told reporters the streamlined SRP list is eyed to be issued this month.
Source: Philippines News Agency
