To continuously provide better services to the consuming public, the Department of Trade and Industry (DTI) through its Consumer Policy and Advocacy Bureau (CPAB) initiates to enhance its price monitoring system.
Dubbed as “e-Presyo,” this online price monitoring system was created in 2015 as a repository of all prevailing prices of basic necessities and prime commodities (BNPCs) that are being monitored by the DTI nationwide thereby allowing consumers to access the system and check stores selling products that are lower than the suggested retail prices (SRPs).
With the constant advancement of technology, the CPAB targets to optimize the collecting, processing, and storing of real-time prices/inventory of BNPCs within the new Supply Chain Analytics (SCAn) System. To further improve the e-Presyo, the CPAB partnered with the University of the Philippines Public Administration Research and Extension Services Foundation, Inc. (UPPAF), a grantee of the United States Agency for International Development (USAID).
The enhancement of e-Presyo will undertake two phases. Phase 1 was completed last March 30 that transferred the BNPCs’ SRPs to the SCAn Application while Phase 2 will dwell on the complete migration of the department’s data and programming of the enhanced features of the system.
“The DTI is set to meet with its stakeholders on the enhancements in the OPMS to update them on the changes and improvements of the said system,” DTI Consumer Protection Group Undersecretary Ruth B. Castelo underscores.
Amid the ongoing enhancement of the e-Presyo, DTI reminds the public and business establishments to regularly check the prevailing prices or price freeze of the basic necessities through the e-Presyo page particularly the Price Freeze tab.
For more consumer-relation information, visit the DTI website. For consumer-related concerns and queries, you may send an email to ConsumerCare@dti.gov.ph or reach us thru the One-DTI (1-384) Hotline.