With rising prices, time to update food bundle–Neda

Quick Summary:

THE National Economic and Development Authority (Neda) considers it time to update the country’s food bundle used to compute food thresholds needed in determining whether a person is poor or not.

Balisacan said 2010 was the last time the basket was updated by agencies such as the Department of Health (DOH) and the Food and Nutrition Research Institute (FNRI).

The latest inflation print breached the Development Budget Coordination Committee’s (DBCC) 3 to 4 percent inflation target for the year.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: 2023 Food Percent Needs Basket National Data Poverty Filipinos Person Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 16:10:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 689 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 22067475

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