PRICE HIKE ON RICE
PRICE CEILINGS ON RICE
NATIONWIDE
The recommendation of the DA and the
DTI to impose price ceilings on rice
stemmed from the current surge in retail
prices of rice in the country, which
resulted in a considerable economic strain
on Filipinos, particularly the
underprivileged and marginalized.
RICE INFLATION PERCENT
Rice inflation accelerated to 19.6% in
November 2023 from 15.8% in November
2023, according to National Statistician
Claire Dennis Mapa, the head of the
Philippine Statistics Authority, during a
press briefing. Since March 2009, when rice
inflation was 22.9%, this is the food staple's
fastest inflation rate.
NATURAL DISASTERS
Natural disasters, such as typhoons or
droughts, can have severe impacts on
rice crops, leading to reduced yields and
increased prices. Climate change can
also contribute to unpredictable
weather patterns affecting agricultural
PRICE HIKE productivity.
A study on rising rice
prices in the Philippines
explores why the cost of
rice is going up.
FACTORS INFLUENCING
RICE PRICES
Extreme weather events have become
increasingly frequent and intense in
recent years, posing significant threats to
global rice production.
FLUCTUATIONS COSTS
The continous rise of prices in fertilizers and
transportation costs is one of the reasons why rice
is getting more expensive.