Renewed hope for 2024
Can the Marcos administration, if at all, bring down the prices of consumer goods without heavy reliance on importation before its term ends in 2028?
Tag Archives: price
VERA FILES FACT CHECK: Romualdez misleads with claim that price ceiling on rice set by Marcos has affected world market
The price cap on rice took effect nationwide on Sept. 5 despite drawing flak from some lawmakers, economists and farmers’ groups.
VERA FILES FACT CHECK: Pahayag ng Press Secretary na ang inflation ay ‘hindi dahil sa anumang mga lokal na kadahilanan’ NAKALILIGAW
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.
VERA FILES FACT CHECK: Press Secretary misleads with statement that inflation is ‘not due to any local factors’
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.”