“The price cap on rice stabilized prices of the staple in the country.”
What Vera Files found
The Philippine Statistics Authority reported on Oct. 5 that the agency cannot yet say with certainty that there is any “causality” of the price cap to the retail prices of the staple. Asked during a briefing if the price cap has failed to bring down rice prices given the high inflation rate, PSA Undersecretary Dennis Mapa said, “This is a research question that researchers would study based on the data that we are collecting.” However, the agency said the inflation rate for rice reached 17.9%...
Their words, from the summary they publish with the rating.
In short
Ferdinand Marcos Jr. made this claim around 7 October 2023. Vera Files (Philippines) looked into it and published its finding on 7 October 2023. Its rating was “No basis”.
Ferdinand Marcos Jr. has 62 checked claims in this archive. Fact-checking organisations rated 17 of them false or fake, 43 misleading or mixed and 0 true.
Where the claim appeared
- YouTube videohttps://youtu.be/D_T6n_QM968?t=223
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This check was done by Vera Files, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.