IF you've been to the wet market and grocery store recently, you may have noticed that the prices of some of your favorite items have gone up. This is due to a phenomenon known as food inflation, and it's a problem that's affecting countries all over the world — including the Philippines.

Food inflation is defined as a sustained increase in the prices of food items. It can be caused by a number of factors, including the rise in fuel prices, the weakening of local currencies, and bad weather conditions that disrupt the supply of food.