Filipinos may still be busy over the All Saints’ Day celebrations, but the Department of Trade and Industry (DTI) have already released its suggested retail price (SRP) ranges for several “Noche Buena” items for the upcoming Christmas season.
These SRPs, which manufacturers promise to maintain until year end will be published over the weekend to guide consumers in their shopping.
Meanwhile, DTI Undersecretary for Consumer Protection Group (CPG) Teodoro Pascua said in an interview with ABS-CBN that if there’s competition, the supply will be good, and the prices will be maintained.
The DTI admits several ham brands have already increased prices, but some pasta and pasta sauce are cheaper than last year.
However, supermarket owners clarify that prices can go beyond the SRP depending on supply and acquisition cost from wholesalers. Some of the factors that affect SRP include higher wages, electricity, and transport costs.
Watch this video shared by ABS-CBN via YouTube for more details: