Full relief from cheap rice? Wait till next year

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The story "Full relief from cheap rice? Wait till next year" was covered 12 hours ago by Business Mirror, a news publisher based in Philippines.

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Full relief from cheap rice? Wait till next year - Business Mirror

Quick Summary:

FILIPINOS looking for some relief in terms of rice prices may have to wait till next year for the full fruition of the promise offered by the reduction in rice tariffs, according to an economist.

The downside risks are linked mainly to lower import tariffs on rice, while upside risks could come from higher electricity rates and external factors,” the BSP said.

On Thursday, the Philippine Statistics Authority (PSA) disclosed that the country’s inflation rate slowed to 3.3 percent in August on the back of cheaper food and transportation costs.(See: ).