The Department of Finance is urging the Department of Agriculture to restrategize its programs to ensure enough food supply and stabilize prices following an uptick in inflation in December.
Finance Undersecretary Gil Beltran said December inflation accelerated to 3.5 percent from 3.3 percent in November mainly due to higher food prices, particularly vegetables and meat.
Beltran said, “Vegetable supplies were dented by the successive typhoons that swept the country during the last quarter. Meat was adversely affected by the African swine fever.”
This, he said, calls for the DA to strengthen its program to ensure the stable supply of food, and therefore lower the price of these commodities.
Beltran noted the price of vegetables rose by 20 percent in December, while meat prices increased by 10 percent.
He also said that the price of rice also rose by 0.1 percent, with the regions directly battered by typhoons registering the highest increase.