The agency expresses hope that better numbers are on the horizon in the next few months, citing the harvest season for farmers among other factors.
Consumers may see a lower inflation rate by the middle of the year, the National Economic and Development Authority said Tuesday.
Philippine inflation further accelerated to 8.7% in January — the highest recorded since November 2008. Meanwhile, when asked if the government will provide inflation assistance similar to the recent move of the Senate, Balisacan said it will not be feasible to provide the same aid for all.
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