The country’s headline inflation rate stood at 1.5 per cent in August—higher than July’s 0.9 per cent.
“While inflation remains broadly manageable, the recent figures highlight how adverse weather conditions directly impact prices,” DEPDev secretary Arsenio M Balisacan said in a release from the department.
He emphasised the importance of closely monitoring the country’s weather outlook due to its potential impact on agricultural production.
He also cited how La Nina conditions, which may develop from September to December, could lead to flooding and crop damage in high-risk areas.
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