Gov’t to address price hikes NEDA

The government is stepping up efforts to address price increases in basic commodities such as rice following a recent survey indicating that Filipinos are dissatisfied with efforts to manage inflation, according to the National Economic and Development Authority (NEDA).

- LOUELLA DESIDERIO

“We recognize the significance and urgency of addressing the issues and challenges that have been highlighted by the survey results of OCTA Research Group released (on Feb. 17), particularly on inflation and food security, as well as on job creation and poverty reduction,” NEDA Secretary Arsenio Balisacan said in a statement yesterday.

“The Marcos administration is accelerating its efforts to manage price increases of basic commodities such as rice in light of the El Niño phenomenon we are experiencing and the continuing upward price pressure from the global rice market,” he added.