‘Yolanda’ to raise prices in Visayas

Socioeconomic Planning Secretary Arsenio Balisacan said on Friday that inflation or consumer prices may go up in the Visayas, as product shortages in the region became evident because of the disruptions brought about by the Super Typhoon Yolanda.

Balisacan told reporters before his speech at the Philippine Economic Society 51st Annual Meeting that shortages caused by limited food supplies, access, supply disruptions because of connectivity and transport problems could push prices up in the Visayas region.