Manila, March 6 -- A lawmaker on Thursday said that the administration of President Ferdinand R. Marcos Jr. remains committed to stabilizing commodity prices following a slowdown in the country's inflation rate to 2.1 percent in February.

In a statement, House Information and Communications Technology chairperson and Navotas Representative Toby Tiangco said the government's priority is to make essential goods affordable for Filipinos.

"The President's marching orders are clear: ensure that Filipino families have access to affordable goods," Tiangco said.

Tiangco attributed the decline in inflation to government interventions, such as reducing the maximum suggested retail price for imported rice and implementing the Anti-Agricultural Ec...