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Upward pressures on meals costs within the Philippines are anticipated to stay excessive over the subsequent three months because the La Nia phenomenon stays entrenched, though it’s now extra more likely to dissipate as early as February 2023.
Authorities officers and market analysts expect inflation within the nation to rise farther from 7.7 p.c in October and attain a peak in November or December, and stay excessive though slowly going decrease subsequent yr.
Throughout the globe, the downtrend in total meals costs virtually floor to a halt with the Meals Worth Index of the United Nations’ Meals and Agriculture Group registering at 135.9 level in October from 136 level in September.
The index has b…
Carry on studying: Worth pressures on meals seen to stay sturdy in subsequent 3 months
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