Marcos cuts rice prices as April inflation hits 3-year high of 7.2%

MANILA, Philippines — President Ferdinand Marcos Jr. directed Agriculture Secretary Francisco Tiu Laurel Jr. “to exhaust all possible measures to reduce rice prices” as one way to taper inflation, which has reached a three-year high of 7.2 percent. “According to Secretary Tiu Laurel, the country does not have a shortage of rice supply. The supply is