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Price monitoring intensified on effects of new tax reform law


By Mike Crismundo

BUTUAN CITY – The Department of Trade and Industry (DTI) today urged the public to help monitor prices of commodities to ensure that the distributors, suppliers, traders and small business entrepreneurs are following the price ceiling within the suggested retail price (SRP) levels.

The DTI offices spread in various parts of the six cities and five provinces are monitoring closely price changes and ensuring that they are within SRP.

Butuan City Google Maps | Manila Bulletin

Butuan City Google Maps | Manila Bulletin

The DTI regional office urged the public to help their field offices monitor SRP levels in the stores, market, malls and groceries.

The DTI CARAGA regional office said that since January 4 this year, monitoring yielded no price increases except for a few product groups like milk, noodles and canned meat, whose prices were observed to be beyond SRP.

The establishments however were able to provide SRPs from their distributors/suppliers, which DTI will be referring with its own records.

The public was enjoined to report any observations on unreasonable pricing and profiteering.

“We ask the help of the public to monitor,” DTI 13 Regional Director Brielgo O. Pagaran said.

However, the region’s DTI chief said the Tax Reform for Acceleration and Inclusion (TRAIN) law would have only minimal effect on the prices of prime commodities.

The region’s DTI chief allayed public’s fear amid alleged misinformation that prices of prime commodities would increase due to the TRAIN law.

The regional office of the DTI here urged the public to inform their field offices about manufacturers and stores taking advantage of increasing prices of goods due to the TRAIN law.

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