An updated list of suggested retail prices (SRP) for manufactured goods remains due for release later this month, Trade Secretary Alfredo E. Pascual said. READ:
A supermarket is seen in Quezon City, March 4 2022. — PHILIPPINE STAR/ MICHAEL VARCAS
Mr. Pascual said his department’s Consumer Protection Group is still reviewing the proposed price hikes of basic necessities and prime commodities and the updates to be made to the SRP bulletin. Mr. Pascual said he expects the new SRP bulletin to be finalized once he returns from the World Economic Forum conference in the Swiss resort town of Davos, which runs between Jan. 16 and 20 in Davos.“Hopefully, by that time, the outlook for commodity prices will be clearer,” Mr. Pascual said.“It’s difficult. You rely on the old high prices and then the prices suddenly fall. Another thing happening now is that the manufacturers are reviewing their products.
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