Binay urges LGUs to help DTI monitor school supplies prices

Published June 1, 2018, 3:48 PM

by AJ Siytangco

By Hannah Torregoza

Senator Nancy Binay on Friday urged local government units to help out the Department of Trade and Industry (DTI) in strictly monitoring the prices of school supplies.

As parents dash through supermarkets and stores for a last-minute back-to-school shopping, said LGUs should help the government as well in ensuring that no unscrupulous traders will take advantage of the school opening this June.

Customers check out the notebooks for sale at the Commonwealth Market (ALVIN KASIBAN / MANILA BULLETIN)
Customers check out the notebooks for sale at the Commonwealth Market (ALVIN KASIBAN / MANILA BULLETIN)

Binay pointed out that some businesses tend to sell school supplies at a price higher than the market value during opening of classes.

“We see a lot of parents who still have no sufficient budget to buy their kids the things they need; others are still waiting for their pay,” Binay pointed out.

“We expect a rush of last-minute school supplies shopping over the weekend, that’s why I’m appealing to LGUs to strictly monitor the prices of school supplies and other educational materials to prevent retailers who take advantage of the season to unjustly raise their prices,” she stressed.

Earlier, DTI reported price hikes in a number of school supplies, saying that several brands of notebooks and pad papers are priced higher this year due to the increased cost of raw materials imported from China caused by the depreciation of the Philippine peso.

As for other school items, the DTI said their prices remain stable.

The DTI published a price guide for consumers that they can use when purchasing school supplies, weeks ahead of the opening of classes.

The price guide released by the agency covers the suggested retail prices (SRP) of specific brands of notebook, pad paper, pencil, ball pen, crayon, eraser, sharpener, and ruler.