The Department of Trade and Industry (DTI) released a new Suggested Retail Price (SRP) bulletin, leading to price increases for various basic necessities and prime commodities (BNPCs). The move comes despite steady inflation at 2.9% in January 2025. The bulletin includes price hikes for items such as bread, canned goods, beverages, household items, and personal care products. However, some manufacturers expressed surprise at the lack of prior consultation regarding the SRP adjustments and the status of proposed changes to the system.
The Department of Trade and Industry on Thursday issued a new suggested retail price bulletin, clearing the way for the implementation of varying price increases in a number of basic necessities and prime commodities
Price hikes were observed across various categories, including canned goods, beverages, and household items. Detergents and toilet soap prices rose by P2.50 to P3, reflecting broader trends in personal care inflation. BNPC manufacturers have noted that some of the SKUs listed are no longer available on shelves and that the prices listed were not subject to consultations with manufacturers or retailers before the release.
ECONOMY INFLATION PRICES BASICCOMMODITIES DEPARTMENT OF TRADE AND INDUSTRY
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