Key food prices decline month on month in June

THE Philippine Statistics Authority (PSA) said on Tuesday that prices of key food commodities fell month on month during the June 15 to 17 period, which the PSA calls the second phase of June.

Well-milled rice prices fell 3% month on month to P56.15 per kilogram. Year on year, prices rose 14.3%.

Fresh bone-in pork prices fell 0.9% month on month to P309.75 per kilogram. They also fell 8.3% year on year.

The price of round scad (galunggong) dropped 2.1% month on month to P229.30 per kilogram. Year on year, prices jumped 4.4% .

The carabao mango posted the largest drop of any commodity at 5.3% month on month to P146.25 per piece. The price was down 3.4% from a year earlier.

Green beans posted largest price gains at 14.9% month on month to P150.95. The commodity also recorded the largest year-on-year jump at 19%.

Refined sugar prices rose 0.3% month on month to P82.82 per kilogram. Prices were down 3.2% from a year earlier.

The price of native garlic increased 1.1% month on month to P167.86 per kilo. They fell 6.3% year on year. — Marron Joshua F. Mendoza