2 stores in Cagayan de Oro violate SRP rules

In a joint price surveillance by the Department of Trade and Industry (DTI) and the Cagayan de Oro City Price Coordinating Council (CDO-CPCC), September 2, two stores were found to have violated the suggested retail price (SRP) rules.

Almer Masillones, DTI Misamis Oriental provincial director, said the monitoring team found two shops to have breached trade rules by selling some products slightly above the SRP.

The team also spotted minor violations such as failure to put visible price tags on the display shelves and not posting an on-view SRP bulletin.

The DTI immediately issued an inquiry notice requiring the alleged violators to comply within three days.

"Since the DTI issued the new suggested retail price last month, we are validating whether the SRP is being implemented and find out if no one violated the directive,” Masillones said.

DTI MisOr emphasized that certain commodities such as canned sardines, processed milk, coffee refill, noodles, laundry soap, bottled water, candles, meatloaf, beef loaf, and condiments like salt, soy sauce, and vinegar, showed a slight increase in the SRP released by Central Office on August 12 compared to the SRP that had previously been issued.

This was attributed to the cost of raw materials, production, packaging charges, and freight and distribution costs, according to DTI.

The team's inspection records bared that the majority of the closely monitored supermarkets and school supply establishments in the city adhered to the government’s trade standards.

“While everyone is doing their business, we too are safeguarding our consumers that will result in a vibrant economy,” Lawyer Egay Uy, Cagayan de Oro City’s regulatory compliance board chairperson and CDO-CPCC co-chairperson, said.

To protect consumers from establishments that may take advantage of current market pricing on school supplies, basic necessities and prime commodities, DTI Misamis Oriental urged the purchasing public to report any violations to their office via DTI Misamis Oriental Facebook page or by visiting their office at State Investment Building, Tiano-Hayes streets, Cagayan de Oro City. (JAKA/PIA-10/Misamis Oriental)

DTI Misamis Oriental and the Cagayan de Oro City Price Coordinating Council inspect various supermarkets and school supply traders, September 2, to ensure that the city’s business sector closely adhered to the government’s newly issued suggested retail price. (JAKA/PIA-10/Misamis Oriental)

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