Salt, coffee  raise prices

- Advertisement -

The Department of Trade and Industry (DTI) yesterday released the price adjustments three 3 of 13 stock-keeping units (SKUs) of coffee and 6 of 19 SKUs of salt.

These SKUs comprise the initial list of basic necessities and prime commodities covered by a new suggested retail price (SRP) bulletin.

Amanda Nograles, DTI assistant secretary, 54 notifications of price adjustments are still under assessment.

- Advertisement -spot_img

The final SRP Bulletin is targeted for release this March, Nograles said.

For coffee, the three SKUs with price adjustments are characterized by weight reduction, accompanied by either a decrease in price or no change in price. One additional SKU is currently under ongoing assessment.

The prices of the remaining nine SKUs of coffee have not increased, with no notifications for price adjustments filed.

For salt, the average price increase of the six SKUs is 8 percent.

For salt, three SKUs increased by only 4 percent.

These SKUs were last adjusted in 2018 and 2022.

Nograles said consumers have the option to choose considering that 154 or 71 percent of the SKUs in the SRP Bulletin have retained their prices.

“We are actively discussing with manufacturers regarding the pending price adjustment notifications for the 54 SKUs,” said DTI Secretary Alfredo Pascual.

The SRP bulletin is accessible on the DTI website.

 

Author

Share post: