HOME > INQUIRER > Article

Text Size

small

medium

large


Easing inflation shows admin’s drive to bolster economy – Palace

Easing inflation shows admin’s drive to bolster economy – Palace

Provided by INQUIRER.net.

Pangilinan wants rising food prices probed
(INQUIRER FILE PHOTO/ JAM STA ROSA)



MANILA, Philippines — The easing of the inflation rate to 1.4 percent in April from 1.8 percent in March is proof of the government’s continuous efforts to strengthen the country’s economy, Presidential Communications Undersecretary Claire Castro said on Tuesday.

READ: Philippines inflation eased to 1.4% in April, lower than expected

“The drop in the inflation rate proves President [Ferdinand] Marcos Jr. and his administration are continuously working to strengthen our economy. Let’s watch this,” Castro said in Filipino in a Palace press briefing.

The average inflation rate from January to April was 2.0 percent, which was within the government’s target of 2.0 to 4.0 percent.



A major driver for the drop was food inflation, which fell to 0.7 percent in April from 2.3 percent in March. /gsg

INQUIRER