Antipolo LGU conducts price monitoring in public markets
The Antipolo City local government conducted price monitoring and inspection in one of its public markets on Monday, May 15, as part of its efforts in ensuring that all vendors are complying with the suggested retail price (SRP) issued by the Department of Trade and Industry (DTI).
Antipolo City Mayor Jun Ynares said that officials from the Office of the City Agriculturist went to City Mall of Antipolo (CMA) to implement its price monitoring of all agricultural and fish products being sold in the market.
"Good news naman dahil lahat ay compliant sa suggested retail price na itinalaga ng DTI. Isinasagawa rin ito para sa consolidation ng Department of Agriculture (DA) Agribusiness & Marketing Assistance Division at upang pangalagaan ang proteksyon ng ating mga mamimili sa ilalim ng R.A. 7394 o Consumer Act (Good news because all sellers are compliant to the suggested retail price mandated by the DTI. The inspection was also done in consolidation with the DA Agribusiness & Marketing Assistance Division and to ensure the protection of our consumers under the R.A. 7394 o Consumer Act)," Ynares said.
R.A. 7394, otherwise known as "The Consumer Act of the Philippines," was enacted primarily to protect the consumers against hazards to health and safety, and against deceptive, unfair, and unconscionable sales acts and practices.
The mayor added that the public may send their inquiries and concerns regarding the prices of commodities being sold in the city to the Office of the City Agriculturist through its hotline 8689-4518 or 8689-4579.
On Feb. 8, the DTI released its latest SRP bulletin on some basic commodities such as canned meat, sardines, noodles, and bread, the prices of which have gone up by as much as 10 percent.
DTI Undersecretary Ruth Castelo explained that the latest SRP bulletin showed there were price increases for 76 shelf keeping units (SKUs), while 141 SKUs retained their prices from last year's August bulletin.
Castelo added that the new SRP bulletin was released following the DTI’s “long validation review and study."
“We are compelled to allow price adjustments of some manufactured BNPCs (basic needs and prime commodities) to make sure that manufacturers continue to produce these fast-moving consumer goods,” she said.
Manufacturers have previously sought for price increases on certain products due to the surging prices of raw materials and services.