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MANILA - The Department of Trade and Industry (DTI) tightens its surveillance and monitoring activities to ensure compliance among commercial establishments and supermarkets amid rise in prices of goods. The DTI, through its Consumer Protection and Advocacy Bureau (CPAB), officially released last Aug. 12 the updated suggested retail price (SRP) for basic necessities and prime commodities (BNPCs) as well as school supplies, taking into consideration the price of raw materials and distribution costs. "The main function of the SRP bulletin is to inform and guide retailers and consumers, protect them from deceitful or unconscionable transactions, and give consumers the freedom to choose the product they prefer at a price they can afford," DTI Secretary Alfredo Pascual said in a statement Thursday. The DTI, as one of the implementing agencies of the Price Act (Republic Act No. 7581), as amended, with the DTI Secretary as the chairperson of the National Price Coordinating Council (

Alfredo pascualAdvocacy bureauDepartment of agricultureDepartment of healthOur fair trade enforcement bureauNational price coordinating councilConsumer protectionPrice actRepublic actFair trade enforcement bureauManila the department of trade and industry dti tightens its surveillance monitoring activities to ensure compliance among commercial establishments supermarkets amid rise in prices goodsHrough its consumer protection and advocacy bureau cpabFficially released last aug 12 the updated suggested retail price srp for basic necessities and prime commodities bnpcs as well school suppliesAking into consideration the price of raw materials and distribution costs quot main function srp bulletin is to inform guide retailers consumersRotect them from deceitful or unconscionable transactionsNd give consumers the freedom to choose product they prefer ata price can afford