SRPs on basic goods up by a few percentage
Consumer advocacy group Laban Konsyumer, Inc. (LKI) said that Suggested Retail Prices (SRP) on certain products like canned sardines and powdered milk have increased.
As of June 8, LKI said SRPs on canned sardines increased by 3 to 11 percent; powdered milk by 5 percent; luncheon meat by 3 to 18 percent; corned beef by 2 to 8 percent; and beef loaf by 3 to 10 percent.
SRPs on condiments like “Patis” or soy sauce vinegar was up by 4 to 5 percent.
Meanwhile, LKI President Victorio Mario Dimagiba said in a statement cited by a Manila Bulletin report that the government must expand the list of items with SRP to cover all the brands and sizes of the basic necessity and prime commodities universe.
He also proposed that SRP for well-milled and regular-milled commercial rice should be set at end December 2017 prevailing prices based on the Philippine Statistics Authority “Presyo sa Palengke” of P40 and P37 a kilo.
“Dimagiba has blamed the direct and indirect impact of the TRAIN law on the higher prices of basic goods,” the report further said.