HOUSE OF REPRESENTATIVES Speaker Ferdinand Martin G. Romualdez on Tuesday urged government agencies to enhance their price monitoring system to better reflect prevailing market prices.
The Agriculture and Trade departments should coordinate in monitoring market prices to ensure it’s consistent and aligns with current food rates, he said.
“Our agencies have price monitoring mechanisms, but we must ensure that the prices stated in the monitoring are what we see in markets,” he said in a statement in Filipino. “It seems that the estimates in price monitoring do not align with the actual prices in the markets.”
“These agencies must work together to obtain an accurate picture of market price,” he added.
Both the Trade and Agriculture departments have an online price monitoring system available on their respective websites, providing Filipinos with a price guide on the basic goods and necessities. — Kenneth Christiane L. Basilio
