DTI CAMNORTE ASSURES REGULAR MONITORING OF PRIME AND BASIC COMMODITIES PRICES

DTI CAMNORTE ASSURES REGULAR MONITORING OF PRIME AND BASIC COMMODITIES PRICES

To assure that there is no exploitation in prices of prime and basic commodities, the Department of Trade and Industry (DTI) regularly monitors business establishments in Camarines Norte.

This is after the recorded increased of price index in products that are mainly purchased by the consumers such as canned goods, powdered milk, noodles, coffee, condiments, laundry/detergent soaps and more.

According to Alvin Sayno, Consumer Protection Division Head orf DTI Camarines Norte, prices of each product should not exceed 10% of its Suggested Retail Price (SRP).

Sayno further stated that selling products more than 10% of its SRP can be a cause of having violation as to overpricing. Every establishment is required to base on SRP as guide in product pricing.

Around 53 establishments in the province are being regularly monitored by DTI.

In municipality of Daet, establishments are being monitored weekly, while in towns of Labo, Jose Panganiban, and Sta. Elena which are part of economic growth centers are being checked by DTI monthly.

In addition, the Provincial Price Coordinating Council doesnโ€™t need to convene because the current situation of increase of price index of commodities is not a local issue but is being experienced by the whole country.

Convening only happens if there is irrational increase of price index of commodities in a particular place.

(Photos from DTI Camarines Norte)

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