The Department of Trade and Industry released its latest SRP bulletin, which recommended increases in the prices of bread, canned goods, instant noodles, milk and other basic goods. | AldenMonzonINQ /PDI
For powdered milk, a popular brand weighing 300 grams now sells for P95.25 from the previous P93, up by P2.25. As for a 300-gram can of condensed milk, the DTI’s recommended increase for one brand was P41, up by P39.25. A brand of a 300-gram can of evaporated milk, on the other hand, now costs P41 from the previous P37.40, or a P3.60 increase. For a 370-gram can, a price hike of P2.51 was recommended, putting the price for one particular brand at P28.50, from the previous P25.99.
For coffee, two brands which come in packs of 28 grams and 20 grams also saw their prices rise by P1 and 45 centavos, respectively.Varying increases were also approved for some non-food items, including laundry and detergent soaps, candles and batteries. “Almost all price increases 10 percent or less, except candles. The prices of candles did not increase in five years and their prices are still lower compared to others,” Trade Undersecretary Carol Sanchez said in a message when asked to comment on the SRP bulletin.
“Most food items increased their prices by only 50 centavos to P2, but some canned goods had more than P2,” she added. While vendors face no sanctions for noncompliance with the SRP, the DTI can send them notices and demand an explanation.Subscribe to our daily newsletter
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