As the inflation rate rose to 8 percent from 7.7 percent in October 2022, an economist-lawmaker on Tuesday urged President Ferdinand Marcos Jr. to issue an executive order ensuring that all supply bottlenecks for food and other farm producers are eased.
AS the inflation rate rose to 8 percent from 7.7 percent in October 2022, an economist-lawmaker on Tuesday urged President Ferdinand Marcos Jr. to issue an executive order ensuring that all supply bottlenecks for food and other farm producers are eased.
Salceda said the primary driver of high inflation remains food prices, which have increased by 10 percent year-on-year. In August, Salceda said the inflation could peak to 8.5 percent this year and end up with an annual average of 6 percent, saying “we are on track to meet that number.” “The 38-percent year-on-year inflation in sugar can no longer be justified by protecting the local sector, which is heavily unequal on its own,” he said.
Salceda said the domestic vegetable sector, where prices have soared, continues to be highly susceptible to climate change and pestilence.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BLACKPINK is Time's 2022 Entertainer of the YearK-pop superstars BLACKPINK are ending the year with a bang after being named the 2022 Entertainer of the Year by Time Magazine.
Read more »
LIVE UPDATES: Petro Gazz vs Cignal HD Spikers – Game 2, PVL Finals 2022The Petro Gazz Angels shoot for a successful defense of their 2019 PVL Reinforced Conference title while the Cignal HD Spikers strive to keep alive their shot at a first PVL gold. Tune in here for LIVE UPDATES! PVLFinals
Read more »
Philippines’ Blu Boys finish 10th place at Men's Softball World Cup 2022Philippine men’s softball team Blu Boys placed 10th in the recently concluded World Baseball Softball Competition held in Auckland, New Zealand. The
Read more »
A slap, a maverick and some ABBAtars: the 2022 showbiz stories - BusinessWorld OnlineLONDON — From a shocking Oscars slap to a virtual ABBA taking to the stage, this year has seen a range of entertainment stories dominate headlines.
Read more »
RESULTS: December 2022 Physical and Occupational Therapist Licensure ExaminationsCongratulations to all the passers!
Read more »