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Draft:IPresyo

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iPresyo is a Philippine-based digital platform that provides consumers with real-time information on the prices of goods and services across various retailers. Designed as a price comparison tool, iPresyo aims to promote transparency and informed decision-making among shoppers, particularly in the context of inflation and fluctuating market prices in the Philippines.

Overview

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Launched in February 28, 2025, iPresyo offers a mobile application and web-based interface that aggregates pricing data from partner stores, supermarkets, and local vendors. The platform allows users to search for specific products—such as food, household items, and electronics—and compare their prices based on location, brand, and store.

The name "iPresyo" is derived from the Filipino word presyo, meaning "price," reflecting its core mission of helping consumers find affordable and competitive pricing.

Features

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  • Price Comparison: Users can view side-by-side prices from different sellers for a given item.
  • Location-Based Search: The app uses geolocation to show prices from stores nearest to the user.
  • Community Reporting: In some versions, users can input price data from their local stores to help update listings.
  • Inflation Tracker: iPresyo provides basic analytics and trends that help track price movements over time.

Development and Purpose

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iPresyo was developed in response to growing consumer demand for transparency in pricing, especially amidst rising inflation and varying costs between rural and urban areas in the Philippines. It is particularly useful for price-conscious consumers and has been utilized in advocacy campaigns promoting smart consumer behavior.

The platform also aligns with government efforts to monitor essential commodity prices, and there have been discussions about potential collaborations with agencies such as the Department of Trade and Industry (DTI) or local government units for data sharing and validation.

Reception

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iPresyo has been featured in various local media outlets, praised for empowering Filipino consumers and promoting competition among retailers. However, its effectiveness relies heavily on user participation and data accuracy, which presents challenges in some regions with limited digital infrastructure.

See also

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References

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Cator, Currie. "This AI-Powered App Will Let You Check Supermarket Prices." Esquire Philippines, April 24, 2024.

DTI's Enhancement of the e-Presyo System

Desiderio, L. (2024, April 23). DTI eyes AI-powered app for price monitoring. The Philippine Star.

Department of Trade and Industry (DTI) – e-Presyo Online Price Monitoring System

iPresyo official website, . Retrieved April 19, 2025.