A month ahead before the Department of Labor and Employment (DOLE) implements a salary increase for workers in private establishments that will range from P55 to P110, the Department of Trade and Industry (DTI) has announced a price increase on basic commodities.
The Regional Tripartite Wage and Productivity Board (RTWPB) has approved an increase in the current daily wages of employees in private establishments employing 10 workers and below from P310 to P420, and for those employing more than 10 workers from P395 to P450.
The approved increase will take effect on June 12 once it has been adopted by the National Wage Productivity Board.
But pending its implementation, DTI has approved last May 11 a minimum price increase on basic necessities and prime commodities.
At least 82 basic necessities and prime commodities (BNPCs) has been approved for price increase that will include bread, canned fish, potable water in bottles and containers, processed milk, locally manufactured instant noodles, coffee, salt, laundry soap, detergent, candles, flour, processed and canned pork, processed and canned beef, vinegar, fish sauce (patis), soy sauce, toilet soap, and batteries. The guide includes additional SKUs such as Bareta Bar White (360g) and Bareta Bar FabCon (360g).
The price adjustment range between 2% to 10%. In peso, this is roughly between P0.25 centavos to P1.
“Despite the adjustments in several basic and prime goods, the DTI assures the public that all increases in the SRPs were kept to a minimum level to provide consumers with reasonably-priced goods amidst the pandemic,” Undersecretary Ruth B. Castelo said.
