The Department of Trade and Industry (DTI) on Friday maintained that the effect of the Tax Reform for Acceleration and Inclusion (TRAIN) will be minimally felt on the price increase of several goods and commodities.
In an interview with DZRH’s Damdaming Bayan, DTI Asec. Ernesto Perez explained that the only direct impact that TRAIN has on basic commodities such as canned goods, powdered milk, detergents, bread, instant noodles, and more will should only be a mere 4 centavos to 11 centavos.
“Ang direct impact lang ng excise tax doon sa cost ng basic commodities ay doon sa distribution cost,” he said.
Perez further said that they have already formulated and deployed a team to monitor the price of goods and commodities on the proper implementation of TRAIN.
“Mayroon tayong monitoring team na tumutingin sa presyo ng ating basic commodities,” he added.
The price hike for basic household goods will be applied days after January 15 where inventory stocks are expected to run out.
Consumers may also visit the DTI’s “E-Presyo” to monitor the current prices of basic commodities.