Pagmahal ng bigas nitong Setyembre, pinakamabilis sa 14 na taon sa kabila ng ipinatupad na price cap | SONA - video Dailymotion

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00:00 The fastest inflation in the past 14 years in the rice sector in September, despite the implemented price cap.

00:08 Here is my report.

00:09 Instead of groceries, Riza is buying food from the market to save money.

00:17 Their 1,000-budget is far from the goal.

00:21 That's good. Maybe for 3 to 4 days, we have food. We have food.

00:25 Now, it's hard to estimate.

00:27 Riza says she feels the price of groceries.

00:30 In September, inflation reached 6.1% or the fastest price of groceries and services.

00:37 The Philippine Statistics Authority is citing the price of food and non-alcoholic beverages, including rice.

00:44 The PSA said that the inflation in rice in September was 17.9%

00:48 if there is a price ceiling for regular and well-milled rice.

00:52 This is the fastest price of rice in the past 14 years.

00:57 The PSA explained that many rice retailers are not able to keep up with the price cap.

01:02 It's hard for us to keep up with the price cap because we are just stuck in the market.

01:06 If they can't say that they will keep up, it's hard.

01:10 If rice retailers are struggling to make money,

01:12 rice importers and traders are saying that they are not doing well, according to the Sinag group.

01:18 There is a plan to raise the price of local rice to match the price of imported rice so that there will be no distinction.

01:25 The group is aiming to raise the suggested retail price of imported rice.

01:30 This is being studied according to Agriculture Senior Undersecretary Domingo Panganiban.

01:35 But before the month ends, Panganiban is seeing that local rice is going down to P36 per kilo, along with rice.

01:43 [Music]

Pagmahal ng bigas nitong Setyembre, pinakamabilis sa 14 na taon sa kabila ng ipinatupad na price cap | SONA

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