Since 2015, the Department of Trade and Industry has provided frugal Filipino consumers with e-Presyo, an online way to check the prices of commodities and goods. Earlier this week, the department announced that the online price monitoring system is getting a makeover to improve its services.
The e-Presyo, as seen through its official page, is essentially a collection of suggested retail prices (SRP) for commonly bought items and basic necessities, including rice, milk, canned goods, drugs, and household supplies. There’s also additional information for consumers on stores that sell with the lowest price as well as ongoing prize freezes.
Recognizing newer technologies that emerge constantly, the DTI’s Consumer Policy and Advocacy Bureau is conducting an overhaul of e-Presyo so the system will be more optimized in price data gathering and processing as well as ensuring that the prices are updated regularly.
The first phase of the overhaul, which concerned with transferring the SRP data to the new Supply Chain Analytics (SCAn) app, was finished on March 30. The second phase will involve complete data migration and programming to the new system.