P20/kg. Rice Program to Keep Inflation Low – Lacson
Bulacan: The government’s PHP20-per-kg. rice initiative can help keep headline inflation low, Alyansa Para sa Bagong Pilipinas senatorial candidate Panfilo Lacson said on Wednesday. In a media interview at the Bulacan State University, Lacson emphasized the importance of implementing the rice program to sustain the downtrend in inflation. According to Philippines News Agency, headline inflation fell to its lowest level in over five years at 1.4 percent in April, the lowest recorded since the 1.2 percent in November 2019. This decline has been attributed to lower food inflation, driven by a faster year-on-year decline in the rice index at 10.9