The Philippine Institute for Development Studies (PIDS) reported that efforts of various sectors and institutional changes are possible solutions to reduce high food inflation in the Philippines.
Source: PIDS
Based on Philippine Statistics Authority (PSA) figures, there is an increase in food inflation from August to September 2023. Recent data from June to September revealed that year-on-year inflation rates for vegetables and rice were relatively high. Meanwhile, the month-on-month inflation rates for vegetables from August to September 2023 showed a decrease of 8.7 percent, while the rates for rice recorded an increase of 3.5 percent.
PIDS recommended systemic and institutional reforms, and the efforts of several sectors are needed to combat the rising food inflation. Government policies and investments should focus on “transforming food systems to achieve the stability of food prices.” The report also suggested looking at the issue from all possible perspectives, including the production, market, legislative, and institutional constraints.
Consider adopting the Bio-Intensive Gardening (BIG) as part of the institutional changes. BIG “utilizes a small space of land to grow locally thriving plants using natural fertilizers and locally tailored organic gardening methods. It utilizes the back or front yard of houses, where each household will have ready, safe, and nutritious food”. This recommended sustainable vegetable farming technology will foster good agricultural practices and environmental consciousness.
Reference:
Philippine Institute for Development Studies. (2023). Multi-sectoral efforts, institutional changes needed to solve food price woes. Retrieved November 15, 2023 from
