Lower rice prices may be temporary, warns economist

Quick Summary:

FILIPINOS may have heaved a sigh of relief as inflation cooled in September but one of the causes, lower rice prices, may be temporary and lead to greater volatility in domestic prices of the staple, according to an economist.

Based on the data from the Philippine Statistics Authority (PSA), rice has a weight of 17.87 percent in the Consumer Price Index of the poorest Filipinos.

This is slower than the 4.8 percent in August 2024 but was faster than the 1.9 percent average inflation rate experienced by all income households.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesIndiaJapan

Topics: September Prices Rice Country’s Filipinos Rate Wage 2024 Ibon Inflation Percent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-06 @ 16:22:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1029 words

Reading Time: 6 minutes read

Sentences: 43 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22912173

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