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Philippines considers lower rice tariffs as inflation quickens

Market volatility has already pushed government to cap prices for staple grain

A woman carries a bag of rice from a store in Quezon City in the Philippines on Aug. 14. Rising food costs have hit many in the country hard.   © AP

JAKARTA -- The Philippine government is considering lowering tariffs on rice imports to help fight accelerating inflation, just days after announcing a price ceiling on the grain.

Arsenio Balisacan, the Southeast Asian nation's chief economic planner, said Tuesday that the government may review tariff levels on rice as rising costs for the food disproportionately affect poor households.

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