The Department of Trade and Industry (DTI) is still looking into revising the latest suggested retail price (SRP) list to reflect the impacts of increasing oil prices into costs of basic and prime goods.
During the Laging Handa public briefing yesterday, DTI Assistant Secretary for Consumer Protection Group Ann Claire Cabochan said some manufacturers are already seeking for increment on SRPs of their products, but the agency has to carefully study releasing a new price bulletin.
The DTI released the current SRP list last January 27, revising the price bulletin dated Aug. 29, 2021.
Seventy-three shelf keeping units (SKUs) have increased their prices in the current SRP list.
Cabochan said the impact of higher oil prices should not reflect immediately, as manufacturers and retailers have existing inventory of raw materials and inputs before the conflict in Ukraine happened.*PNA
