The Inter-Agency Committee on Inflation and Market Outlook is closely monitoring these weather patterns and their impact on essential goods prices, he said in a statement.
Efforts to mitigate inflation, especially for vulnerable communities, include ensuring ample imports and boosting agricultural productivity, the Finance chief added.
Despite El Niño's challenge, the government reported a 3.7% inflation rate in March — within its target range — by implementing effective measures against rising costs.
The administration's proactive stance aims to ensure economic stability and support for those affected by these climatic conditions, Recto said.
