VERA Files
What can ordinary Filipinos do to manage the effects of inflation? We have to further tighten our belts and avoid overspending.
Multiple Facebook (FB) pages continue to share a quote card already denounced as fake, where Ilocos Norte 1st District Rep. Ferdinand Alexander “Sandro” Marcos asked people to use a more […]
Dahil sa nakagugulantang na presyo ng mga bilihin dala ng pag-arangkada ng inflation sa bansa, pa’no nga ba nag-a-adjust ang millennials at Gen Zs? Pakinggan ang kwentuhan ng VERA Files reporters sa Episode 16 ng What The F?! Podcast.
Sinabi ni Press Secretary Trixie Cruz-Angeles na ang dahilan ng pagtaas ng inflation sa bansa ay ang peso-dollar exchange rate na bumagsak sa pinakamababang halaga, at “hindi dahil sa anumang lokal kadahilanan.” Ito ay nakaliligaw.
Sonny Africa, executive director of IBON Foundation, told VERA Files Fact Check in an email that while rising global prices of food and the depreciation of the peso, driven by interest rate hikes in the United States, are indeed immediate inflation factors, the government has “direct control over factors like the excise and value added taxes it puts on goods and services consumed or, like fuel, used to produce other goods and services.”
Inflation is expected to remain below 2 percent the rest of the year as more imported rice enter the market, slashing down the prices of the staple food, said Philippine Institute for Development Studies (PIDS) Senior Research Fellow Roehlano Briones.
A netizen’s month-old online post currently circulating on social media which claims that Budget Secretary Benjamin Diokno attributed recent inflation rates to rice hoarding, price hikes on oil and vegetables and “economic sabotage” by oligarchs is misleading.
President Rodrigo Duterte blames the nine-year-high inflation rate on rising oil prices. Yet his finance department tells a different story.
Presidential Communications Secretary Martin Andanar, downplaying the recent inflation figures, mishmashes his data and then blames the media.
He also partly blamed the media.