DTI’s savings tip for weary consumers: Shop in supermarkets

AS prices of basic goods rise, the Department of Trade and Industry (DTI) has an advice for consumers: shop in groceries and supermarkets to save money. 카지노사이트

“First of all, we want to tell them, let’s buy at supermarkets and groceries because these are the ones watched by DTI; we really monitor their compliance with the [suggested retail price] SRP,” said DTI Undersecretary for Consumer Protection Group (CPG) Ruth B. Castelo in a televised interview on Tuesday, where she spoke partly in Filipino.

Castelo also emphasized that the so-called Tier 3 level or the convenience stores, sari-sari stores, among others, vary in prices compared to groceries and supermarkets which are closely monitored by the DTI in terms of complying with SRPs.

The trade undersecretary explained that those under Tier 3 level offer higher prices because of the longer supply chain distribution.

“The price for Tier 3 level is different; it’s different when you buy from convenience stores, sari-sari stores or those small stores or small markets. The price is different because of the supply chain; their distribution goes through a longer route; there are more steps involved, so the price goes higher,” explained Castelo.

Castelo pointed that with the recent price hikes due to the supply chain crisis, if consumers want to save their money, they should buy in supermarkets and groceries, since the prices displayed there have been carefully studied by the Trade department. 안전한카지노사이트

Apart from this, Castelo advised consumers to utilize the recently-launched e-Presyo 2.0 application to help them scout for the cheapest product and the nearest store relative to their location. The updated version of DTI’s online price monitoring system aims to bridge the gap between consumers and retailers on their price monitoring concerns.

The DTI-Consumer Protection Group launched the online platform last week. This online price monitoring system was enhanced to ensure a faster and more efficient gathering and management of data and accurate generation of reports.

“Besides buying from supermarkets and groceries another tip if they wish to save is, since most everyone carries a cellphone, better to download the upgraded e-Presyo application of DTI,” said the Trade undersecretary.

She reiterated that three manufacturers have already sought permission for a price increase—makers of Pinoy tasty and Pinoy pandesal, detergent bars and one brand of canned sardines.

On the price increase range, the Trade undersecretary emphasized that a 2-10 percent price increase would equate to around 25 centavos to P1.50.

Meanwhile, Castelo said that although manufacurers have already submitted justifications for price adjustment requests, the DTI is only waiting for the month-on-month and week-on-week prices of raw materials, which the agency will rely on in terms of computing price adjustments. 카지노사이트 추천

In approving price-increase requests from manufacturers, the consumers’ capacity to pay will also be considered. She stressed the need to strike the balance between maintaining the product quality for the consumers and at the same time thinking of the welfare of the manufacturers who are also bearing the brunt of the supply chain crisis, since their livelihood also depends on the products they are selling.

Castelo said the price has to be reasonable for both the manufacturers and consumers.

She said they are practically the ones “haggling with manufacturers on behalf of consumers so that when new prices are released, these are really the most reasonable, the most affordable for consumers but won’t be unfair to manufacturers,” she said.

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