THE average retail price of rice dropped a bit to P54.18 per kilogram (kg) in the first phase of this month (Feb. 1 to 5) from P54.63/kg in the second phase, according to the Philippine Statistics Authority (PSA).

This was also lower than the P54.81/kg in the first phase of January. The price of regular-milled rice also decreased, while that of special rice increased.

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