00:00 The Department of Trade and Industry is monitoring the supply and price of the main goods in front of the city of La Nina.
00:08 Aside from daily monitoring, the Local Price Coordinating Council will also be activated to help
00:16 in monitoring the stores, groceries, and supermarkets in various parts of the country.
00:21 Trade and Industry Asset Manager Amanda Nograles will be monitoring the orders and price of the main goods.
00:31 At the same time, the DTI will ensure the production of goods to make the prices of the goods affordable.
00:38 According to the orders of President Ferdinand R. Marcos Jr.,
00:42 five manufacturers of processed meat products, milk, water, and instant noodles
00:46 have issued voluntary price freeze to the agency's request.
00:51 This means that the price of their products will not move for 60 days.
00:57 It is expected that the DTI will issue a new suggested retail price bulletin.
01:02 It also includes the weight of each gram or liter of a product
01:07 to avoid complaints about the unceasing shrinkflation.
01:13 If you remember, we had an issue of shrinkflation.
01:18 As a help to our consumers, the SRP bulletin that will be issued will include the unit cost of the goods.
01:28 This means that we can see the price of the goods per gram, per ml, per unit cost.
01:36 This will be our mark to know if the prices are increasing or not moving, but the weight is decreasing.
