Philippines

Monthly price and food security update March 2011

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HEADS - UP NOTES

Rising domestic oil prices and local food prices is aggravating the situation of poor and vulnerable households both in rural and urban areas.

Weekly average increase of 2.84% in diesel and 1.75% in gasoline was implemented by oil companies since January 2011.

An upward trend in the price of essential food commodities, particularly rice, fish, vegetable and edible oil, was observed since December 2010. However, the prevailing price of refined sugar is lower than the reported cost in January 2011.