Rice inflation rate slowed down in May 2024 — PSAWorkers are unloading truck load of rice at the warehouse of the National Food Authority (NFA) in suburban Manila on October 7, 4014. MANILA, Philippines — The Philippine Statistics Authority (PSA) reported a slow growth in rice inflation between April and May 2024, as well as a slight decrease in its retail prices. “Continuously, bumababa ang average world price of rice halimbawa sa Thailand and Vietnam (Continuously, the average world price of rice have been declining in countries such as Thailand and Vietnam),” he said during the press briefing. “'Pag bumaba ang presyo ng bigas due to tariff, bababa ang price and inflation which would trigger a reduction in inflation moving forward. (If the rice prices go down due to tariff, price and inflation will go down and would trigger a reduction in inflation moving forward),” Balisacan said.

Source: Philippine Star June 05, 2024 17:10 UTC