Manila to ensure essentials supply, control prices amid weather issues
The country’s headline inflation rate stood at 1.5 per cent in August—higher than July’s 0.9 per cent.
The Philippines is intensifying efforts to ensure sufficient supply and keep prices of key commodities affordable despite recent weather disturbances, according to the department of economy, planning, and development.
The government said while inflation remains broadly manageable, the recent figures highlight how adverse weather conditions directly impact prices.
“While inflation remains broadly manageable, the recent figures highlight how adverse weather conditions directly impact prices,” DEPDev secretary Arsenio M Balisacan said in a release from the department.
He emphasised the importance of closely monitoring the country’s weather outlook due to its potential impact on agricultural production.
He also cited how La Nina conditions, which may develop from September to December, could lead to flooding and crop damage in high-risk areas.
Fibre2Fashion News Desk (DS)
