Published July 21, 2021, 1:21 PM Prices of basic necessities and prime commodities will increase by 3 to 5 percent or P0.75 centavos to P1 per can of sardines and canned meats, a situation that will likely worsen the country’s already elevated inflation level. In a television interview, DTI Secretary Ramon M. Lopez said the price increases in basic goods, which will be issued via the new suggested retail prices (SRPs), will be the first adjustment in two years or since the last SRP was issued on September 30, 2019. Trade and Industry Secretary Ramon M. Lopez The new SRP will be published prior to their effectivity, said Lopez. DTI Undersecretary for Consumer Welfare and Protection Ruth Castelo said they are still finalizing the new SRP.