Georgia

No. of :

No. of Shares:

Currently viewed by: Marcus Rosit

DTI takes steps to cushion the impact of rising prices

ILOILO CITY (PIA) - - The Department of Trade and Industry (DTI) in Western Visayas has laid out measures to help mitigate the impact of increasing prices due to high inflation rate.

OIC Assistant Regional Director Judith Degala of DTI 6, who was one of the panel discussants during the Dagyaw 2022: Virtual Town Hall Meeting held on November 15, identified these measures as determination of the reasonable prices and the issuance of the suggested retail price (SRP) for basic necessities and prime commodities (BNPCs).

Another measure, according to Degala, is the issuance of the Automatic Price Control (APC) during the state of calamity or state of emergency.

“Also, the issuance of the automatic price control during the state of calamity. So, as well know, right now, Western Visayas is under the state of calamity because of typhoon Paeng,” she said.

Under the DTI jurisdiction, the basic necessities are canned sardines, processed milk, coffee refill, bread, instant noodles, salt, detergent and laundry soap, bottled water, and candles.

For prime commodities, these are processed pork, beef and chicken; condiments such as patis, soy sauce and vinegar; toilet soap; and batteries.

Upon the issuance of SRP and APC, the DTI immediately publishes these for the information of the consumers as well as the retailers like the supermarkets and grocery stores that are enjoined to comply with these orders, she said.

DTI monitors are deployed, and local price coordinating councils (LPCCs) are activated to intensify monitoring and enforcement activities to ensure compliance of establishments in the light of the increasing prices and Western Visayas is declared under state of calamity for six months.

Also, Degala said that Diskwento Caravans are conducted, where DTI partners with the local government units and the manufacturers or distributors, to bring and sell BNPCs and construction materials at discounted prices.

Meanwhile, in her discussion during the first episode of the town hall meeting, Philippine Statistics Authority (PSA) 6 Statistician II Cherry Ann Gallego shared that the region’s inflation is still on the upward trend.

Based on the PSA 6 data, the regional inflation accelerated to 8.0 percent in October 2022 from 7.5 percent in September 2022. The average inflation from January to October 2022 is recorded at 5.9 percent while inflation in October of the previous year was lower at 4.1 percent.

Gallego said the uptrend in the region’s October 2022 inflation was primarily due to the higher annual increase posted in the index of the three commodity groups that include housing, water, electricity, gas and other fuels; furnishings, household equipment and routine household maintenance; and personal care, and miscellaneous goods and services.

More than 200 participants from the civil society organizations, academe, local government units and national government agencies joined the first episode of the Dagyaw 2022: Virtual Town Hall meeting organized by the Department of the Interior and Local Government, Philippine Information Agency, Department of Budget and Management and Western Visayas Network of NGOs.

The next episode is set on November 18 as it continues to provide a platform for communities to learn more about the initiatives and programs of the government. (JBG/laf/PIA6-Iloilo)

About the Author

Lilibeth French

Writer

Region 6

Feedback / Comment

Get in touch