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DTI says expect 3.5% price hike on basic goods

Writer's picture: Dianne Jayne LuminesDianne Jayne Lumines

Updated: Jul 24, 2021


Tabuk City, Kalinga―The Department of Trade and Industry-Kalinga (DTI-Kalinga) explained that the increase in the prices of raw materials and ingredients is behind the approved hike on suggested retail prices (SRPs) of basic goods and prime commodities.


This is following the announcement of DTI Secretary Ramon Lopez, that prices of basic necessities and prime commodities will increase, but not more than 3.5%, which shall be implemented after a month.


Maria Cecilia Baral, DTI-Kalinga Senior Trade Industry Development Specialist explained that the price hike is based on the increase in inputs to production such as raw materials and packaging.


“Ang reason ng increase nila is increase in the prices of raw materials, mga ingredients, especially nu imported yung mga raw materials,” she stated.

She clarified that the suggested retail prices (SRPs) of goods is not dictated by the DTI but given by the manufacturers themselves.


“SRPs kasi is not dictated by the DTI pero before they increase ipakada da ken DTI and then there will be deliberation, kasla kitaen ti DTI kung reasonable ba yung hinihingi nilang increase base on dagiyay reasons or factors nga ibagbaga da,” she said.


Meanwhile, Baral said that there is no reason for consumers to worry and there is no need for panic buying.


“Ti maibaga tayo lang ken dagituy umili tayo, when we go and buy we should always exercise diligence ken and we should exercise our rights as consumers. Mabalin tayo met nga ag-canvass, we have the right to choose,” she said.


“Ag-canvass tayo ah among the store kasi haan da met agpapada ti presyo dagita, maraming factors to consider yan so ag-canvass tayo who has the lowest price. Gatangen tayo nu anya dyay pinaka kailangan natin, and there is no cause for alarm or anything,” Baral concluded.


The proposed new suggested retail prices (SRPs) will be the first adjustment in two years or since the last SRP was issued on September 30, 2019.


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