ABS-CBN
Rice posts negative inflation for the first time since December 2021
The Philippines experienced a contraction in rice inflation for the first time since December 2021, registering a year-on-year deflation of -2.3% in January 2025.
This marks a significant downtrend for the staple grain, with rice inflation at 22.6% in January 2024.
National Statistician and PSA Undersecretary Claire Dennis Mapa expects this negative inflation trend to continue until July.
The downtrend is attributed to the reduction in rice import tariffs, which took effect in July 2024.
However, the rate of price decrease has been slower than anticipated, leading to ongoing food security concerns.
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Philippine inflation remained flat at 2.9% in January 2025, matching the December 2024 rate, according to the Philippine Statistics Authority (PSA).
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Senate President Francis Escudero supports the Department of Agriculture's (DA) proposal to declare a national food security emergency to address rising food prices, particularly rice.
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Agriculture Secretary Francisco Tiu Laurel Jr. declared a food security emergency for rice on Monday, February 3, due to an extraordinary spike in rice prices.
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The Department of Agriculture (DA) will implement a nationwide price cap on imported rice, with a maximum suggested retail price (MSRP) of P55 per kilogram, starting February 15.
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The Department of Agriculture (DA) has further reduced rice prices under its Rice-for-All initiative, offering five percent broken rice at P43 per kilo and 25 percent broken rice at P35 per kilo.
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