Bacolod Market Monitoring Task Force to monitor prices of school supplies

Task Force to monitor prices of school supplies

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Task Force to monitor prices of school supplies

Wednesday, May 24, 2017

PRICES of school supplies in Bacolod City will be monitored by the authorities in preparation for the opening of classes on June 5.

Executive Assistant Ernesto Pineda said Tuesday, May 23, that the City Market Monitoring Task Force has assigned four teams to check vendors in three major markets selling school items.

We want to ensure that vendors will follow the suggested retail price (SRP) for school supplies, he said, since some vendors are actually tempted to increase the prices of school supplies at this time.

Pineda said members of the Market Monitoring Task Force recently underwent a seminar on Republic Act 7581 or the Price Act with the Department of Trade and Industry (DTI).

He added that based on the SRPs issued by the DTI, prices of school supplies in Bacolod have remained stable.

Reginald Hudierez, senior trade and industry development specialist of DTI-Negros Occidental, said their initial monitoring showed that prices of school items in the province, particularly in Bacolod, have indeed remained stable and are within the SRPs.

Hudierez said they have been distributing copies of the new SRPs to department stores, public market stalls, and similar establishments.

SRPs should be visible so that consumers are protected from possible overpricing and profiteering amid the higher demand for school supplies, he added.

The list of SRPs of school supplies released by the DTI indicated that prices of 80 leaves of writing pad papers range from P9 to P41.75 while intermediate pad paper costs P14 to P29.75.

Notebooks with 80 leaves for composition and writing can be bought from P12.50 to P34 while spiral costs P11 to P23.75.

A promo pack, which includes six to 10 pieces of composition, writing or spiral notebooks, is worth P75 to P150.

Others include pencil, P12 to P37.50 per three pieces; ballpens, P4 to P32.75 depending on brand and number of pieces per pack; crayons, P12 to P69.75 depending on the set per box; eraser, P5 to P12.75; sharpener, P5.25 to P34.74; and ruler, P9.75 to P29.75.

Published in the SunStar Bacolod newspaper on May 24, 2017.

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