The Trade Department’s consumer protection group said prices of basic necessities and prime commodities remain generally stable in most marketplaces, with selected goods even lower than the suggested retail prices.
Monitoring reports showed that prices of basic and prime goods were stable in the first semester of the year, but some commodities such as canned sardines, condensed milk, evaporated milk, powdered milk, coffee refill, instant noodles, and corned beef registered significant declines, ranging from P0.05 up to P7.65.
“The reduction in prices occurred in different months within the first semester of the year. Despite that, prices have been consistently lower or pegged at the SRP level,” said Trade undersecretary Victorio Mario Dimagiba.