Consumers, already burdened by the high cost of fuel, may have to pay more for food as well, after the recent super typhoon battered the country’s rice granary and left ₱ 2 billion worth of damage to high-value crops. <br /><br />The record free fall of the peso against the dollar triggers possible price increases because of the country’s dependence on food imports. <br /><br />And as if that’s not a big enough burden for our kababayans, commuters face another fare increase this October. <br /><br />People are now exploring cheaper options to move from one place to another as demand increases for transportation. The future of e-mobility in our c-suite vision.<br /><br />Your business is our business. Join our senior anchor Rico Hizon on The Exchange. <br /><br /><br />Visit our website for more #NewsYouCanTrust: https://www.cnnphilippines.com/<br /><br />Follow our social media pages:<br /><br />• Facebook: https://www.facebook.com/CNNPhilippines<br />• Instagram: https://www.instagram.com/cnnphilippines/<br />• Twitter: https://twitter.com/cnnphilippines
