Only minimal price increase for school supplies

By May 8, 2006Business, News

PER the Department of Trade and Industry, parents and students can expect prices of school supplies to remain reasonably priced despite the increase in the price of fuel.

Marjury Loresco, DTI officer, said no increase in prices of school supplies has been noted to date.

She said that manufacturers and retailers of school supplies gave assurance that any increase in the prices of their products in the future will only be minimal.

Loresco, said that most of the notebooks of the Advance, Topline, Classmate, and AB brands are priced at P12 each or an increase of only P1 from its price a year ago.

Students and parents, she said, can buy Mongol, Swallow, and Jumbo pencils for only P5.90 a piece or an increase of 40 centavos from last year’s price.

The noted minimal increase, according to Loresco, is influenced by plans of retailers to dispose of their old stocks to give way to newer stocks.

The DTI   provincial office was ordered by its regional office to step up its monitoring of the prices of school supplies in order to protect the consumers from unscrupulous businessmen.

Also being monitored closely by DTI is the price of cement because the demand for the same usually peaks during summer.

Loresco said that the DTI national office is now planning to conduct meetings with the manufacturers and retailers of   school supplies to enable it to monitor the prices of school supplies and to identify the reasons for the increase.

The DTI advised the consumers to begin buying school supplies now. – AQL

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