TAGBILARAN CITY. After the issuance by the Department of Trade and Industry of the Price Freeze Order on April 21, 2016, DTI Bohol 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.
Per result of the said emergency monitoring activity, prices of basic goods and prime commodities in Boholremain stable and without significant changes. Aside from the emergency monitoring activity, DTI also conducts regular monitoringvisits 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.
OIC-Provincial Director Maria Soledad L.Balistoy advises buyers to check on the published SRP of goods before buying the products, and 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 Niño phenomenon.
Copies of the Price Freeze order were disseminated over the radio, newspapers and in social media sites. (DTI Bohol)