Effect of lower inflation on the poor downplayed

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‘WALANG SAYSAY NA IPAGMALAKI ITO NG GOBYERNO.’ A report announcing that inflation rates went down has no effect on the majority of Filipinos who are wallowing in poverty. This was the reaction of ACT party-list Representative France Castro. READ:

“Sa mahihirap at kulang sa pambili ng pagkain, ni hindi nila nararamdaman na bumaba daw ang inflation. Hanggang nananatiling mababa ang sahod ng mga manggagawa at kumakalam ang sikmura ng karamihan, walang saysay na ipagmalaki ito ng gobyerno,” she said.“Even though April’s inflation rate is within Bangko Sentral ng Pilipinas’ 6.3 to 7.1 percent estimate, it’s still way above government’s 2 to 4 percent target range,” she noted.

PSA attributed the slower growth in prices to the moderate increase in the prices of food like vegetables, fish, and meat.Finance Secretary Benjamin Diokno said inflation slowing down for the third month implies a downtrend in inflation numbers — moving closer to the goal of two to four percent by 2024.

 

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