price Archives

VERA FILES FACT CHECK: Romualdez misleads with claim that price ceiling on rice set by Marcos has affected world market

By VERA Files | Sep 21, 2023 5:37 PM

In a press release published on his Facebook page, House Speaker Martin Romualdez claimed that the “huge reduction of the prices of rice in the global market” has been partly due to the implementation of a local price ceiling. This is misleading. STATEMENT In a Sept. 7 Facebook post, Romualdez shared a photo of a […]

Agriculture, Ferdinand Marcos Jr., Martin Romualdez, price, price cap, Rice

Fact Check Filipino

VERA FILES FACT CHECK: Pahayag ng Press Secretary na ang inflation ay ‘hindi dahil sa anumang mga lokal na kadahilanan’ NAKALILIGAW

By VERA Files | Oct 04, 2022 11:49 AM

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.

dollar, economy, exchange rate, Ferdinand Marcos Jr., inflation, inflation rate, Pandemic, peso, price, trixie cruz angeles

FACT CHECK NED FC

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

By VERA Files | Oct 04, 2022 11:49 AM

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.”

dollar, economy, exchange rate, Ferdinand Marcos Jr., inflation, inflation rate, Pandemic, peso, price, trixie cruz angeles