The Department of Agriculture (DA) will not recommend the imposition of a retail price ceiling or suggested retail prices (SRPs) on rice despite the continued double-digit growth in the grain staple's inflation rate.
The Department of Agriculture will not recommend the imposition of a retail price ceiling or suggested retail price s on rice despite the continued double-digit growth in the grain staple's inflation rate."Wala kaming plano na magkaroon ng price cap or SRP kasi may mabigat ding epekto 'yan pagdating ng panahon ," Agriculture Assistant Secretary and spokesperson Arnel de Mesa said at the Saturday News Forum in Quezon City.
The Philippine Statistics Authority said rice inflation would "increase strong" until July, citing a low base effect, particularly the low rice inflation registered from January to July 2023.Despite the double-digit, year-on-year rice inflation, De Mesa said retail prices of rice are actually declining month-on-month."'Yung presyo ng bigas bumababa from P52 last month. Ngayon, nasa P50 to P49 ," he said.
Rice Inflation Department Of Agriculture SRP Suggested Retail Price
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