Increase in SRP, insignificant - DTI

ABS -CBN TV Patrol Panay’s Regie Adosto interviews DTI VI Regional Director Rebecca M. Rascon on the price increases on the basic necessities and prime commodities.

The price adjustments of selected basic necessities and prime commodities were due mainly to the rising costs of raw materials, packaging materials, and fuel, among others, said DTI VI Regional Director Rebecca M. Rascon.

The DTI recently released the suggested retail prices of basic necessities and prime commodities. Based on the recent SRP, there were increases on prices of selected canned sardines, milk, three-in-one coffee, salt, detergent and laundry soaps, condiments, and processed canned meat and beef.

Some of the ingredients and raw materials in the production of these items are imported. “The computation on production cost therefore affects the final selling price of the product,” Rascon explained.

Canned sardines in tomato sauce has an increased price range of 50 centavos to P1.65; milk products (condensed milk, condensada, evaporated milk, evaporada and powdered milk) registered SRP increases in the range of 50 centavos to P6.30; the three-in-one coffee with a 30-centavo increase; and, salt price increase ranges from 50 centavos to 75 centavos.

Detergent and laundry soaps increased from 70 centavos to 75 centavos; condiments price increase ranges from 30 centavos to P1.25; and, processed meat and beef ranges from 25 centavos to P1.75.

For details, you may visit https://dti.gov.ph/consumers/e-presyo for the latest SRP’s.