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PIA Press Release
2010/05/21

Prices of school supplies in Nueva Vizcaya remain low, says DTI

by Ben Moses Ebreo

Bayombong, Nueva Vizcaya (21 May) -- The prices of school supplies in the province remain at a low rate despite the enrollment rush in Metro Manila, according to officials of the Department of Trade and Industry (DTI) here.

"We have a case to case basis scenario when it comes to the claim of the Department of Education (DepED) in Metro Manila," said Lucy Guerrero, DTI senior trade and industry development officer here citing their monitoring of business establishments in the towns of Solano, Bambang, Sta. Fe, Quezon and Kasibu in May 18.

She said the province still has low prices of school supplies because of the existing old stocks which is being sold by business establishments.

Guerrero also advised parents not to be swayed by the enrollment rush in Metro Manila inorder to stabilize the prices of school supplies in the provinces.

"It's a simple effect of the law of supply and demand. If we will have panic buying, definitely prices will be raised by dealers," she stressed.

She added that the best period to buy school supplies is after the enrollment inorder to prevent dealers from jacking-up their prices in no time. "Let us not purchase so much early so as not to trigger the increase of prices in the provinces," she added.

Guerrero however said that they will continue their monitoring activities to prevent the untimely increase of school supplies in the local market that would affect household budgets of families in the countryside.

She added that the DepEd's claim that prices of school supplies in supermarkets are lower than in Divisoria in Metro Manila was a mere product of the law of supply and demand such that the supermarkets might have lowered their prices to equally compete with Divisoria which has been known for its cheapest products. (PIA NVizcaya) [top]

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