Consumers, already burdened by the high cost of fuel, may have to pay more for food as well, after the recent super typhoon battered the country’s rice granary and left ₱ 2 billion worth of damage to high-value crops.
The record free fall of the peso against the dollar triggers possible price increases because of the country’s dependence on food imports.
And as if that’s not a big enough burden for our kababayans, commuters face another fare increase this October.
People are now exploring cheaper options to move from one place to another as demand increases for transportation. The future of e-mobility in our c-suite vision.
Your business is our business. Join our senior anchor Rico Hizon on The Exchange.
Visit our website for more #NewsYouCanTrust: https://www.cnnphilippines.com/
Follow our social media pages:
• Facebook: https://www.facebook.com/CNNPhilippines
• Instagram: https://www.instagram.com/cnnphilippines/
• Twitter: https://twitter.com/cnnphilippines