Try

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

|

Mar 13, 2023

|

1-minute read

Read this fact check in Filipino

Share This Article

:

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:

https://youtu.be/THCAurme4AI

Check out these sources

Get VERAfied

Receive fresh perspectives and explainers in your inbox every Tuesday and Friday.

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

Share This Article

Check out these sources

Get VERAfied

More Stories

VERA FILES FACT CHECK: Press Secretary misleads with statement that inflation is ‘not due to any local factors’

Luho?! Savings?! In this economy?!: Usapang inflation ng mga bagets

VERA FILES FACT CHECK: Pahayag ni Salceda na ang Pilipinas ay may ‘isa sa pinakamababang’ inflation rate sa mundo kulang nang konteksto

FACT CHECK: Marcos, DOF falsely claim PH leads GDP growth forecast in Asia

SONA 2022 PROMISE TRACKER: ECONOMY