The Department of Trade and Industry (DTI) is set to release new suggested retail prices (SRPs) of basic and prime commodities after prices of some brands of canned sardines went up, while prices of bread went down.
According to DTI, nine sardine brands increased their prices between P0.40 to P0.85.
The brands with price increases are 555, Lucky 7, Family, Master, Atami, and Mikado, as well as easy-open-can brands Ligo, Mega, and Hakata.
“This is heavily attributed to the high acquisition cost of herring fish (tamban) that is currently priced at P32 per kilogram,” DTI said in a statement.
“Increase in price of canned sardines is heavily attributed to the high acquisition cost of herring fish (tamban) that is currently at P32 per kilogram.”
One brand of corned beef, which is Star, has increased its prices due to the higher cost of beef forequarter.
On the other hand, Gardenia is reverting the prices of loaf bread to its October rates at P46.75 for a 400 gram loaf bread and P62 for a 600 gram loaf bread.
Gardenia pandesal is cutting its price by P1 from P37 to P36.
Other brands of bread poised to lower their prices are John Pullman Super Loaf Bread and Marby Whole Wheat.
Meanwhile, Alaska Fortified powdered milk drink dropped by P0.50 for an 80 gram pack.
“The DTI is pleased to announce that all basic and prime goods in the SRP Bulletin are retaining their current SRPs at least until the first quarter of 2019, with the exception of a few brands of canned sardines and one corned beef that will have adjustments in their prices,” DTI Secretary Ramon Lopez said.
“The DTI is pleased to announce that all basic and prime goods in the SRP Bulletin are retaining their current SRPs at least until the first quarter of 2019.”
“There are also several brands of bread and one milk brand that initiated to decrease their prices as part of the manufacturers’ social contribution to the consumers this holiday season despite not being included in the SRP list,” Lopez added.