Department of Trade and Industry (DTI) has issued the new suggested retail price (SRP) for some basic and prime products.

The price adjustments were due to the rising prices of raw materials and packaging and other costs globally.  

Basic products with updated SRP include some brands of canned sardines, processed and powdered milk, coffee, bread, noodles, laundry/detergent soap, candles, processed canned meat and canned beef, patis, toilet soap, and batteries.

Price adjustments for some canned sardines, processed and powdered milk, 3-in-1 coffee mix, bread, locally manufactured noodles, and detergent/laundry soap ranged from P0.50 to P2.00.

Some brands of processed meat and canned beef increased by P0.78 to P3.50 while three brands of condiments increased by P1 to P2.

DTI issues SRP to guide consumers and retailers in their purchase and sale of basic necessities and prime commodities.

Consumers are highly encouraged to refer to the most recent SRP before going to supermarkets and grocery stores.

The price guide of latest SRP as of February 8, 2023 can be viewed online at♦

Date of Release: 9 February 2023