Latest Breaking News On - Agong henerasyon party list representative bernadette herrera said local fuel prices will rise further because it now takes more pesos to import foreign oil quot all the economic agencies must prepare for another surge of inflation weakening peso hopefully - Page 1 : comparemela.com

(PNA file photo) MANILA-A party-list lawmaker on Saturday said the government should consider providing rice subsidy of 10 to 50 kilos for poor to middle-income households as the depreciation of the Philippine peso could lead to higher prices of goods and services and overall inflation. In a statement, Bagong Henerasyon Party-list Representative Bernadette Herrera said local fuel prices will rise further because it now takes more pesos to import foreign oil. "All the economic agencies must prepare for another surge of inflation because of the weakening of the peso. Hopefully, the weakening is only temporary like when the forex (foreign exchange) was at PHP54 to USD1.00 in September to October 2018," Herrera said. "Economic forecasts indicate we will have high inflation for many more months until the inflation pressures have subsided." Last Friday, the peso depreciated further to 54.985 against the greenback from its 54.7 close a day ago. Aside from rice subsidies, H

Tayabas bayBernadette herreraReynan arroganciaDepartment of transportationEnergy regulatory commissionDepartment of tourismQuezon repNa file photo manilaa party list lawmaker on saturday said the government should consider providing rice subsidy of 10 to 50 kilos for poor middle income households as depreciation philippine peso could lead higher prices goods and services overall inflation ina statementAgong henerasyon party list representative bernadette herrera said local fuel prices will rise further because it now takes more pesos to import foreign oil quot all the economic agencies must prepare for another surge of inflation weakening peso hopefullyHe weakening is only temporary like when the forex foreign exchange was at php54 to usd1 00 in september october 2018Uot herrera said quot economic forecasts indicate we will have high inflation for many more months until the pressures subsided last fridayHe peso depreciated further to 54 985 against the greenback from its 7 closea day ago aside rice subsidiesErrera said there should be more subsidies for rice farmersLivestock raisersNd vegetable growersSpecially fuel subsidies and inputs in production