The American Chamber of Commerce of the Philippines (AmCham) said it is counting on the Department of Trade and Industry (DTI) to more regularly publish its updated suggested retail price bulletins, following the latest edition issued on Feb. 8. READ:
A supermarket is seen in Quezon City, March 4 2022. — PHILIPPINE STAR/ MICHAEL VARCAS
“We have a good working relationship with them , so I am certain they will be more regular in issuing the SRP. Maybe not on the exact frequency but certainly more regular,” AmCham Executive Director Ebb Hinchliffe toldIn January, AmCham urged the DTI to publish SRP bulletins for basic necessities and prime commodities on a regular basis, saying that it would help the business chamber’s member companies plan their operations and finances.
“Employees will expect high wages to offset the higher cost but higher wages without increases in production are inflationary. vicious cycle,” he added. On Feb. 8, the DTI’s new SRP bulletin authorized price hikes of between 45 centavos and P7 for 76 stock keeping units , while holding steady the recommended prices for 141 SKUs. The last SRP bulletin was issued in August.
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