Implications of price inflation of rice in Naga City
Abstract
This study explores the implications of rice price inflation on consumers in Naga City, Philippines, focusing on demographic profiles, awareness levels, and effects on personal, financial, and social aspects. The research employed a descriptive-correlational design, using survey questionnaires to gather data from 100 rice consumers. The findings indicate that consumers are most aware of the environmental factors, such as natural disasters, affecting rice prices, while awareness of economic and political factors is moderate. Additionally, the study finds a disparity in awareness levels among different demographic groups, suggesting targeted educational interventions may be beneficial. The study highlights significant personal and financial stress among consumers due to rising rice prices, impacting their ability to maintain quality meals and manage budgets. Despite the awareness of inflation factors, there is no significant correlation between awareness levels and mitigation of inflation effects, suggesting that consumers struggle to adapt to rising costs. Furthermore, the research reveals a need for more community support systems to assist vulnerable populations. The collected data shows that female consumers are more aware of economic factors, emphasizing their role in household food security. The study concludes with strategic recommendations for coping with rice price inflation, including community education and support measures. This research provides valuable insights for policymakers and stakeholders to address the challenges of rice price inflation and enhance food security in Naga City.
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References
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