October inflation at 2.3%; rice inflation is 9.6%

Quick Summary:

THE country’s food staple has not seen even a P1 reduction in price since the implementation of reduced rice tariffs in August, data from the Philippine Statistics Authority (PSA) indicated on Tuesday.

In a social media post, the chief executive said he tasked the Department of Agriculture (DA) and the National Irrigation Administration to expand the P29 Rice-for-All program and increase the number of Kadiwa ng Pangulo centers from 21 to 300 by mid-2025.“This will bring affordable rice within reach for more communities across the country,” Marcos said.

The impact on the October rice inflation print – at 9.6 percent from 5.7 percent in September.—did not go unnoticed by top officials of the land.

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Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesUnited States

Topics: 2024 Inflation Mapa October Prices Rice Items Price Kilo Food Percent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 16:08:17 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1332 words

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Sentences: 46 lines

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