Government working to ease inflation, uptick in prices temporary — Palace

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MANILA - Calling the uptrend "temporary," Malacañang on Saturday said the government is doing its best to ease inflation, which was at a 26-month high in February driven by high meat prices.

MANILA - Calling the uptrend "temporary," Malacañang on Saturday said the government is doing its best to ease inflation, which was at a 26-month high in February driven by high meat prices.

"We are intensifying efforts to ease inflation through immediate interventions... We have implemented pro-active measures, which include the President’s signing of Executive Order No. 124," explained Roque. The order, which has been criticized by hog raisers, also directed procuring pork products from Visayas and Mindanao, as well as some Luzon provinces that have not recorded any cases of ASF. Watch more in iWantTFC The EO likewise aided in transporting meat products to major public markets in Metro Manila and providing transport subsidy.

Pork accounts for 60 percent of meat consumption in the Philippines, where the swine industry is valued at P260 billion, the Department of Agriculture had said.

 

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