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Inflation one of top economic priorities of Pres Marcos -Press Sec

(File photo)


PASIG CITY, (PIA) -- Press Secretary Trixie Cruz-Angeles has assured Filipinos that fighting inflation is a top economic priority for the Marcos administration.

We actually discussed inflation at the last Cabinet meeting and the President himself reported this, so he is actually ahead of the publication of the survey having anticipated this as a potential problem,” Cruz-Angeles said.

The country's headline inflation rate accelerated to 6.1 percent in June 2022 from 5.4 percent in the previous month, the Philippine Statistics Authority reported.

Finance Secretary Benjamin Diokno said the Philippines’ high inflation in June was not a problem unique to the Philippines because other countries are suffering the same problem.

He also assured that the recent acceleration of inflation will be arrested by the government through “addressing constraints in the food, energy, and transportation and logistics sectors.” (PIA-NCR)

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