Slower meals inflation

Slower meals inflation
Food inflation eased to two.Five percentage in August 2016 from 2.Eight percentage in July on slower price changes of meat, vegetables and corn, which tempered better fees of rice, end result, sugar, and non-alcoholic liquids, in keeping with NEDA

“Food inflation will live solid, given sufficient supply of palay and corn, which could maintain upward rate pressures at bay. Moreover, the plan to import extra rice thru next 12 months will upload to the us of a’s buffer inventory and make sure that overall meals costs stay solid,” Pernia, who’s also the NEDA director widespread, stated.

Rice inflation barely increased to zero.5 percentage in August from zero in the previous month.