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Facebook: Laban Konsyumer Inc.
Website : www.labankonsyumer.com
LKI Press Statement 2021-031
August 31, 2021
CONSUMER GROUP ASSAILED CANNED MEAT, MILK PRODUCTS AND SARDINES TAGGED FOR HIGHER SRP AS RELEASED BY DTI.
Consumer advocacy group Laban Konsyumer Inc. (LKI) and its President Atty. Vic Dimagiba assailed DTI recently for releasing exorbitant SRP increases amidst DELTA variant and extended MECQ.
LKI provided this list for reference:
SRP of Basic necessities and Prime commodities
Aug 29 2021 vs Sept 30 2019
On SKU with SRPs
Evaporated milk from 7 to 1 Sku. More brands are now without SRP and price increases are not monitored by DTI
Bread. No branded added to Pinoy Tasty and Pinoy pandesal
Mostly unchanged for bread, bottled Water, candles, toilet soap and battery
For canned sardines in tomato sauce – plus. 50 to .75 per can
For condensed milk deleted Alaska and Milkmaid brand. Added New Jersey brand
Condensada – plus .50 to 1.25
Evaporated milk deleted 6 Sku.
Angel at 39.00 no change
Powdered milk plus. 50 to 1.35
Coffee refill plus. 60
Coffee 3 in 1 up to plus .50
Instant noodle plus. 25
Iodized salt plus 2.25 low 1.40
Detergent plus 1 .00
Canned meat plus .75 to as high as 2 00
Vinegar up to .50
BNPC outside the srp list are mostly not monitored by DTI.
Dimagiba said also recently as well that “the timing is so bad because there is still the threat of the pandemic, especially with the Delta variant that has already come into the country.
Dimagiba was already previously worried of the price hikes as this will further worsen the country’s inflation level, which is expected to average 4.2 percent this year.
He pointed out that the reported 3-5 percent price increase in prices of basic necessities and prime commodities may appear negligible, but looking at the real value of P1 per canned good it is already worrisome for household budgets.
The upcoming new SRP also comes after the lifting of the price freeze under Proclamation No. 1143 that placed prices of basic necessities under automatic price control or automatically frozen at their prevailing prices due to the outbreak of African Swine Fever. The price freeze lasted sixty days, beginning 10 May 2021 and ending on 9 July 2021.