VERA FILES FACT CHECK: Salceda’s remark that Philippines has ‘one of the lowest’ inflation rates in the world lacks context

Compared to other Southeast Asian countries, the Philippines' inflation is the sixth highest recorded in 2022. Economic experts say that even if the Philippine economy posted growth, inflation grew faster since December.

By VERA Files

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Mar 13, 2023

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1-minute read

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Albay Rep. Joey Salceda recently claimed that the Philippines’ inflation rate is “still one of the lowest in the world,” saying this must be “a result of strategy” by the country’s economic managers. This needs context.

(Read VERA FILES FACT CHECK: Marcos wrongly states that PH is ‘leading’ in economic recovery in Asia-Pacific, world)

VERA Files Fact Check looked at the data and consulted economic experts. Find out more in this video:

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VERA FILES FACT CHECK: Salceda’s remark that Philippines has ‘one of the lowest’ inflation rates in the world lacks context

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