Connect with us

Hi, what are you looking for?


Supermarket association sees slower price increases for grocery items

By Revin Mikhael D. Ochave, Reporter

PRICE INCREASES for grocery items sold in supermarkets have slowed down amid easing inflation, according to a local industry group.

Steven T. Cua, Philippine Amalgamated Supermarkets Association president, told BusinessWorld via mobile phone that while the group has seen price hikes for some items, “the increases have slowed down.”

“Fewer suppliers have served us notices of price adjustments on a monthly basis. Producers begin to realize that they have relatively reached the apex of marketable or consumer-acceptable prices for their products without sacrificing a drop in sales. You call this price elasticity,” Mr. Cua said.

“The respite is timely and welcome. Consumers can’t take the continuous battering of increased prices of basic necessities and prime commodities (BNPCs),” he added.

Headline inflation eased to 6.1% in May, the lowest print in a year, amid easing food and transport prices. This brought the five-month average to 7.5%, still above the central bank’s 2-4% target and 5.5% forecast for this year.

Mr. Cua said the group has not seen price increases for grocery items, aside from notices of hikes for biscuits and snack foods amid the end of the current school year.

“Some manufacturers have taken the tack of decreasing their product size either without a price increase or coupled with a lower price increase. Some consumers notice this double whammy and shift to other brands or alternatives. Both suppliers and buyers are attuning product offerings and preferences given the shifts in the pricing landscape,” Mr. Cua said.   

With this, consumers could maximize their shopping budget as more product suppliers are implementing more marketing promotions such as bundles and price-offs, he said.

“This is the suppliers’ way of easing prices for a limited duration or for a limited volume of stocks they want to push out. It is their way of selling the slower-moving items in their inventory; not necessarily those about to expire. These offer the consumers honest-to-goodness great deals during this time when you have to squeeze every centavo out of your every peso,” Mr. Cua said.   

He added that consumers could also opt for imported products as these have already implemented discounts amid lower sales.   

“Some importers have begun to experience a slowdown in sales of their product due to perceived excessive price jumps,” Mr. Cua said. “As a result, some of these suppliers are now offering temporary price discounts of as much as 10%,” he added.   

In May, the Department of Trade and Industry (DTI) said it does not expect any increases in the suggested retail prices (SRPs) of BNPCs despite pending price hike petitions from the manufacturers of items such as canned sardines, milk, and salt.

“You have seen that the price increases have already slowed down. Because of what is happening in the country, of course we need to give some comfort to the consumer, a little breathing room,” Trade Undersecretary Ruth B. Castelo said in May. 

The DTI issued the latest SRP bulletin on Feb. 8, which implemented price increases from 45 centavos to P7 for 76 stock keeping units (SKUs), while the prices of 141 SKUs were unchanged from the prior SRP bulletin issued in August last year.    

The grocery items that had price hikes were tomato sauce, processed milk, 3-in-1 coffee, noodles, bread, detergent soap, canned meat, candles, and condiments.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



By Luisa Maria Jacinta C. Jocson, Reporter THE NATIONAL Government’s (NG) budget deficit widened to P133 billion in August as revenues declined, data from...


THE GOVERNMENT is planning to launch US dollar-denominated retail Treasury bonds (RTB) on Tuesday, Finance Secretary Benjamin E. Diokno said. “We will launch the...


By Keisha B. Ta-asan, Reporter SUPPLY SHOCKS to inflation and a weaker peso against the dollar may prompt the Bangko Sentral ng Pilipinas (BSP)...


By Bernadette Therese M. Gadon, Researcher THE PHILIPPINES’ largest banks saw asset and loan growth ease in the second quarter, reflecting the impact of...


PROJECTS and activities to be funded via the issuance of “blue bonds” should support specific items under the United Nations Sustainable Development Goals (UN...


1 of 5 VERSACE TOM FORD PRADA EMPORIO ARMANI FENDI MILAN — Italian luxury label Dolce & Gabbana (D&G) presented a mainly black and...

You May Also Like

Top News

As the world seeks sustainable and energy-efficient solutions for heating and cooling, the heat pump market is experiencing a significant surge. According to the...


The Toto site’s user-friendly interface makes it easy for both beginners and experienced gamblers to navigate through the various features. “¸ÔÆ¢Æú¸®½º site is a...


Almost 100 jobs are thought to be under threat at smart home energy technology manufacturer myenergi. The Grimsby firm, named one of the UK’s...


The number of small businesses planning to increase prices to their customers is set to rise dramatically this quarter, further fuelling inflationary pressures. A new quarterly analysis of...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.