DTI closely monitors prices ahead of school opening

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(File photo)

Metro Manila (CNN Philippines, May 27) — The Department of Trade and Industry (DTI) is making sure vendors will stick to the suggested retail prices (SRP) of basic school supplies.

DTI Undersecretary Ruth Castelo told CNN Philippines Sunday only prices of paper products, such as notebooks and pad papers, should have increased by P3 to P5 since October.

This hike has been reflected in the SRP for primary school supplies released this month.

Castelo said they are closely monitoring stores days before classes start on June 4.

"Yes, we do that every day and we monitor the prices of these commodities," she said.

Castelo, however, warned consumers who want to cut back on costs to be cautious when buying products from Divisoria, as these may not meet the standards.

"So Divisoria, I actually don't know the kind of products they sell there. But, I would think it's of much lower quality than what you find in the ordinary store," she added.

In Divisoria, vendors say prices of some school supplies increased. But, based on the Department's SRP, the prices were still within range.