Manufacturers urged to put off price hikes of Xmas products

MANILA – The Department of Trade and Industry (DTI) has urged producers and retailers of Noche Buena products to keep their present costs for the upcoming Christmas vacation.


During the Laging Handa public briefing Thursday, DTI Consumer Protection Group Undersecretary Ruth Castelo stated preserving costs of these products shall be a aid for Filipinos who shall be celebrating the Christmas season in a pandemic for 2 straight years.


“We call on manufacturers not to increase prices of Christmas products this year. Or if they need to increase, only at the absolute minimum level,” she stated in Filipino.


Castelo stated the company final yr additionally satisfied suppliers of these products to keep their 2019 steered retail costs (SRPs).


The official stated DTI is predicted to situation the SRP checklist for Noche Buena products by the tip of October to early November.


Meanwhile, Castelo stated the brand new SRP checklist of fundamental items launched final August 29 is efficient instantly.


“We have 76 out 216 items in the SRP bulletin that increased their prices,” she added.


These products embody canned items, prompt noodles, espresso, milk, condiments, and non-food gadgets like detergent cleaning soap.


Castelo stated the price increments vary from PHP0.20 to PHP1, that are absolutely the minimal enhance.


However, she stated one corned beef model raised its price by PHP2.75 as a result of the producer has a pending request for price enhance in 2019 however the DTI didn’t approve the increment till final month.


“We also have to understand the manufacturers because they have been requesting for this for the last two years. We have received a lot of requests to increase prices from 2019 and some pending requests were dated back 2018. We did not allow them before because of the inflation,” Castelo added.


She assured customers that the company screens costs of fundamental and prime commodities daily and instantly points a letter of inquiry for reported will increase past the SRP checklist. (PNA)


Source link Christmas 2019

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