The Department of Trade and Industry is advising Negrenses to avoid panic buying of Noche Buena goods this month and remain vigilant over the price changes as it has projected stable suggested retail prices until the end of 2018.
Price Monitoring Officer Reginald Hudierez of the DTI-Negros Occidental told the DAILY STAR yesterday that the SRPs for the end quarter of this year will be stable; however, it has increased compared to the same period last year due to the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law this year.
Their monitoring of the 73 establishments in the province showed that the prevailing SRPs of Noche Buena goods increased from 0.26 percent to 5.9 percent this quarter, compared to the 2017 records.
Records further show that prevailing prices of brands of tomato sauce increased by 5.9 percent, fruit cocktail by 5.67, creamer by 5.3, cheese by 4.73, spaghetti sauce by 2.64, mayonnaise by 2.49, sandwich spread by 2.19, ham by 1.81, elbow and macaroni salad by 0.91, and pasta/spaghetti by 0.26 percent.
But Hudierez said these increases are not that significant so consumers could still afford them.
The recent SRP monitoring of DTI in the province showed that the prices of ham range from P137 to P808.5, fruit cocktail from P49 to P218.50, cheese from P48.50 to P265, sandwich spread from P20.25 to P205.8, mayonnaise P28 to P283, keso de bola from P169 to P495, pasta/spaghetti from P20.85 to P92.50;
Elbow and salad macaroni from P15.25 to P89.25, spaghetti sauce from P22 to P84.20, tomato sauce from P12.25 to P81.05, and creamer from P49.50 to P49.50.
The prices vary, depending on the size and the weight of the product sold at the stores and malls.
“All establishments are compliant with the SRPs and there’s no problem about it. They only increase year to year, especially in 2018 when the Train law took effect,” Hudierez said, but the DTI has ensured that in the agreement for the SRPs, the consumers’ welfare is still a major consideration.
He assured that the DTI is regularly monitoring establishments, including the big malls in Bacolod and big stores outside the city.
Hudierez also advised consumers to be vigilant over the products they are buying, especially on quality and price changes.
He added that consumers should go to the big stores if they want to buy wholesale and avoid panic buying to avoid being taken advantage of by store owners.*
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