Marcos lifts rice price cap imposed to curb inflation
Philippine President Ferdinand Marcos Jr. discusses “the modernization of the U.S.-Philippines alliance,” during an event at the Center for Strategic and International Studies in Washington, U.S., May 4, 2023. (Reuters/Nathan Howard/File Photo)
Philippine President Ferdinand Marcos said on Wednesday the cap on rice prices has been lifted.
Marcos had imposed the price caps, effective early in September, as the rising cost of the national staple pushed inflation higher.
– Reporting by Mikhail Flores and Karen Lema; Editing by Christian Schmollinger
