LKI Press Statement 2021-036

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LKI Press Statement 2021-036

September 25, 2021

Consumer group allays fear of  high inflation on prices of basic necessities and prime commodities

Consumer advocate Vic Dimagiba , President of Laban Konsyumer Inc.   wrote to the National Price Coordinating Council (NPCC) that the declaration of the national calamity allows the National Government to monitor and control prices of basic necessities and prime commodities .

I listed  the following actions should be considered, namely:

  1. Suspension of the implementation of the increases in the Suggested Retail Prices of basic necessities and prime commodities published on August 29, 2021 considering that its effectivity fifteen (15) days after its publication  was preempted by the effectivity of Proclamation No. 1218 on September 13, 2021;
  • Issuance of the Maximum Drug Retail Price Part 2. This has been delayed for almost a year. The  MDRP Part 2 shall add affordable  and  quality  medicines in the list covered by  the maximum drug retail price and  a big savings   to consumers ;
  • Imposition of price freeze or price ceiling on basic necessities and prime commodities   such as rice, local and imported , regular, well milled, commercial and premium ;  liempo and kasim, local and imported; sugar ; chicken , off size, regular size , prime size , vegetables, upland and lowland  and marine products .
  • Continuous /Resumption of sale of NFA rice at Php 27 and 32 pesos a kilo in all NFA authorized retail outlets;
  • Monitoring and control prices of basic necessities and prime commodities should be coterminous to the effectivity of the Presidents’ proclamation of one (1) year, and not sixty (60) days duration cited in the Price Act, as amended.

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