THE first 100 days of the current administration has been marked by rising food prices. The latest inflation figure shows that inflation rose from 6.3 percent in August to 6.9 percent in September of this year.
The Philippine Statistics Authority (PSA) noted that it is the highest since October 2018, or four years ago. If this trend continues for the next three months, which is most likely because demand peaks during the Christmas holidays, PSA predicts that our annual inflation rate will surpass the target range of 2 to 4 percent this year.
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