Inflation

Marcos calls Philippine food inflation an 'emergency situation'

President signals need for more imports to stem price rises

20230124 marcos onion sugar

“I lose sleep every night over how to bring down inflation,” Philippine President Ferdinand Marcos Jr. said in a TV interview on Jan. 23. (Nikkei montage/Yuichi Shiga/Kosaku Mimura/AFP/Jiji)

CLIFF VENZON, Nikkei staff writer
January 24, 2023 14:01 JST

MANILA -- Philippine President Ferdinand Marcos Jr. called the country's surging food prices an "emergency situation," saying he favored importing more to stem inflation.

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