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Monday, May 02, 2016

DTI deploys price monitoring teams

TAGBILARAN CITY, April 30, (PIA) –Teams from the Department of Trade and Industry in Bohol will continue to be deployed and monitor prices as part of their emergency monitoring activities to assure consumers no one can take advantage of the declaration of state of calamity. 

This too as the DTI in Bohol issues a price freeze order on April 21, 2016.

Since then, the DTI Bohol has deployed Emergency Price Monitoring teams throughout the province to check on compliance to Suggested Retail Prices (SRPs) and on the supply of basic and prime commodities here, said Maria Soledad Balistoy, officer in charge. 

Aside from the emergency monitoring activity, DTI also conducts regular monitoring visits to retailers in the municipalities and in Tagbilaran City to check on the prices of goods in groceries and supermarkets and on their compliance to Suggested Retail Prices (SRP), the Price Tag law and other Fair Trade Laws.
On these, the teams have noted that, prices of basic goods and prime commodities in Bohol remain stable and without significant changes, DTIO Bohol reports. 

Even then, OIC Provincial Director Balistoy advises buyers to check on the published SRP of goods before buying the products.

She likewise encourages the public to report violations by business establishments on any of the fair trade laws. 

The Price Freeze order was issued after Bohol Governor Edgar M. Chatto declared the province to be in a State of Calamity, following the ill-effects of the El NiƱo phenomenon.

The DTI in Bohol sent copies of the Price Freeze order for announcement over the radio, newspapers and in social media sites. (PIABohol)

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