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PIA Press Release
2009/06/12

No significant price adjustment in Kalinga

by L. Lopez

Tabuk, Kalinga (12 June) -- There is no significant price adjustment in the province for the period May 5-June 5, according to the price monitor conducted by the Department of Trade and Industry (DTI), here.

Based on the report of the Price Monitoring Team submitted to the media, prices of grocery items, including flour, remained stable with no profiteering rates, except for very slight movement in the price of construction materials like cement, steel and some electrical products.

In the report, the price of cement increased from P223/bag to P230/bag, while steel price dropped by 5%. During the same period, electrical switch price increased by 11-15%.

Areas covered in the price monitor are the commercial centers in Dagupan, Bulanao and Agbannawag for Tabuk, Babalag in Rizal and Junction of Pinukpuk.

The project is in line with government's agenda on Comprehensive Livelihood and Emergency Employment Program (CLEEP) of hiring price monitors.

In Kalinga, three price monitors were hired to help implement the Fair Trade Law and one financial analyst to assist micro-entrepreneurs on financial services. Salaries for those hired under the project come from the DTI regular budget because there is no special fund appropriated.

In Metro Manila, price monitors are offered a rate of P231/day, hinting DTI provincial office to adjust its rate because if it will follow the income-class basis, its rate would be P240/day, for Tabuk being a 1st-class town.The daily rate, however, should not be lower than the prevailing minimum wage in the area, where the price monitors are assigned.

On the other hand, the financial analyst is given a monthly salary of P12,000 because of the weight of his work. Price monitors are given nine months job period, while the financial analyst is three months. (PIA-Kalinga) [top]

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