Prices still higher now than start of Duterte admin
Prices still higher now than start of Duterte admin
By IBON Media
Research group IBON said that while June inflation has slowed, the prices of basic food items are still higher, especially when compared to prices at the start of the Duterte administration. The wages and incomes of many Filipinos are unable to keep up with the high prices. The group said that food prices will continue to increase as long as government neglects Philippine agriculture and the country becomes further dependent on imports.
The Philippine Statistics Authority (PSA) reported that nationwide inflation slowed to 2.7% in June 2019 from 3.2% the previous month. Inflation in the National Capital Region (NCR) eased to 3.0% from 3.4%, and inflation in areas outside of NCR fell to 2.6% from 3.1%, during the same period.
IBON executive director Sonny Africa said however that this lower inflation is not being felt by the public. He said that food is still generally more expensive than in the same time last year, and especially compared to July 2016 at the start of the Duterte administration.
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