After holding off price increases, DTI allows minimal price adjustments on a few basic goods

The Department of Trade and Industry (DTI) has allowed a slight price adjustment for a few basic commodities. This decision follows a period where the DTI requested manufacturers to hold off on any price increases until December 2024 to mitigate the impact of inflation on consumers.

While some price adjustment requests had been pending since 2023, the DTI carefully considered the rising costs of raw materials, packaging materials, and logistics and transportation costs.

The allowed increases, ranging from 2% to 9%, affect only 60 out of 217 (28%) stock keeping units (SKUs) listed in the DTI’s bulletin.  This covers sardines, coffee, bread, milk, salt, laundry soap, canned meat, condiments, toilet soap, and batteries. Importantly, many brands have not opted to increase their prices, ensuring consumers continue to have access to affordable choices.

The public can access the updated SRP bulletin von the DTI website: https://www.dti.gov.ph/konsyumer/latest-srps-basic-necessities-prime-commodities. Consumers are encouraged to report businesses selling basic goods above their SRPs to the One-DTI (1-384) Hotline or reporttosec@dti.gov.ph. ♦