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Philippines Sep rice inflation hits 14-year high despite price control measures

October 6, 2023 Comments Off

Rice prices in the Philippines rose at their fastest pace in September to a 14-year high, despite the imposition of a government cap on them, according to data from the Philippine Statistics Authority Oct. 5 In September, prices surged 17.9% on the year after an 8.7% increase in August, PSA chief Dennis Mapa said at a press briefing, contributing to…