THE business lobby said inflation can be kept in check with changes to agricultural policy, particularly with long-term reforms to address systemic production shortfalls in the sugar, rice and fishing industries.
It’s not alarming in the sense that it’s obvious what is causing the problem. Rice, sugar, fish, vegetables, services and delivery, those are the factors driving prices. There are solutions for these things. The only thing out of our control is fuel, Philippine Chamber of Commerce Industry, Inc. (PCCI) treasurer and honorary chairman Sergio R. Ortiz-Luis, Jr., said at a news press conference in Taguig City on Tuesday.
Also the president of Philippine Exporters Confederation, Inc., Mr. Ortiz-Luis said according to studies he has commissioned, an 8% inflation rate is still manageable.
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