THE Department of Trade and Industry (DTI) said that it will be moving the target release date of the suggested retail price (SRP) bulletin to May to give manufacturers more time to prepare their price adjustment requests.

The DTI had initially hoped to release the updated bulletin in the first quarter.

“We will probably publish it in May, because the advisories from manufacturers are still not complete,” DTI-Consumer Protection Group Assistant Secretary Amanda F. Nograles told BusinessWorld in a Viber message.

Early this year, the DTI said that it would be reviewing the price adjustments for 63 SKUs (stock keeping units), 18 of which the department had announced in January.

For 2024, the DTI expects price increases to average 6%, against the 10% average in 2023. — Justine Irish D. Tabile