Prices of canned sardines, instant noodles, coffee, and milk are expected to go up in the coming days.
This, after the Department of Trade and Industry (DTI) approved increases in suggested retail prices (SRPs) of more basic necessities.
According to DTI-Consumer Protection Group (CPG) Undersecretary Ruth Castelo, the price increases range from three to six percent.
The goods with price adjustments were part of the 67 stock-keeping units (SKUs) approved for higher SRPs, she said in a radio interview on Saturday, August 13.
SKU refers to a number that retailers assign to products to keep track of stock levels internally. If a product has different colors and sizes, each variation has a unique SKU number.
The DTI official noted that of the 218 SKUs, based on their latest price bulletin, around “30 point something percent” have approved adjustments in SRPs.IMT