Retail prices of rice continued to inch up for the fifth straight week in the first week of July, the Philippine Statistics Authority (PSA) said in a report. The average retail price of well milled rice at P41.83/kg during the same period inched up by 0.65 percent. “Upward adjustments for both wholesale and retail prices of regular milled rice continue,” the PSA said. The average wholesale price of regular milled rice at P35.07/kg increased by 1.20 percent from the year ago quotation of P34.65/kg. Likewise, the average retail price of regular rice at P37.74/kg showed a price increment of 1.42 percent from the same week in the previous year.

Source: Manila Times July 17, 2017 17:37 UTC