More measures are being advocated to protect vulnerable industries

While targeted subsidies to sectors worst hurt by high fuel costs would be an efficient short-term fix, the World Bank recommended the Philippines and its neighbours implement further agricultural reforms to keep food prices steady in the long run.

Ndiamé Diop, World Bank country director for the Philippines, said in a webinar on Thursday that core inflation, which excludes volatile items such as food and oil prices, has remai....