Bacolod mayor plans to re­or­ga­nize price mon­i­tor­ing unit

Sun Star Bacolod - - Top Stories - BY MERLINDA A. PE­DROSA

BACOLOD City Mayor Eve­lio Leonar­dia is plan­ning to re­or­ga­nize the city’s Price Mon­i­tor­ing Unit (PMU) to eval­u­ate the im­pact of the surg­ing in­fla­tion in the coun­try.

Leonar­dia said the PMU has al­ways been there, but by virtue of what is hap­pen­ing (in terms of in­fla­tion), they will re­or­ga­nize the team for the pur­poses of giv­ing it a more fo­cus.

“We will re­view the com­po­si­tion of team and at the same time, I al­ready asked ex­ec­u­tive as­sis­tant Ge­orge Zu­lueta, who is con­nected with the Metro Bacolod Cham­ber of Com­merce and In­dus­try (MBCCI), to go around and set a meet­ing with some sec­tors to help the city to eval­u­ate our sit­u­a­tion,” he said.

In terms of in­fla­tion, or the sus­tained in­crease in the gen­eral price level of goods and ser­vices, data ob­tained by Sunstar Bacolod ear­lier from the Philip­pine Sta­tis­tics Au­thor­ity (PSA) showed that rate in the prov­ince for Au­gust surged to 8.7 per­cent.

The fig­ure is higher than the na­tional aver­age in­fla­tion rate of 6.4 per­cent for the said month.

Ex­ec­u­tive as­sis­tant Ernie Pineda, head of mar­ket co­or­di­nat­ing and mon­i­tor­ing task force, said they were con­duct­ing a daily price mon­i­tor­ing in var­i­ous busi­ness es­tab­lish­ments, es­pe­cially to three big pub­lic mar­kets to de­ter­mine the prices of ba­sic com­modi­ties.

He said at least three teams were de­ployed to the three ma­jor pub­lic mar­kets and su­per­mar­kets in var­i­ous malls.

“So far based on our mon­i­tor­ing there were no sud­den changes of prices in Bacolod or hoard­ing of prod­ucts,” he added.

Pineda noted that based on their daily price mon­i­tor­ing, there is no mas­sive price in­crease on ba­sic com­modi­ties.

Pineda cited Re­pub­lic Act No. 7581 or the Price Act which states that un­less oth­er­wise de­clared by the Pres­i­dent, prices of ba­sic ne­ces­si­ties in an area shall au­to­mat­i­cally be frozen their pre­vail­ing prices or placed un­der au­to­matic price con­trol when­ever the area is de­clared un­der an emer­gency.*

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