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Albay Rep. Joey Sarte Salceda on Thursday said the high September inflation of 6.1 percent as reported by the Philippine Statistics Authority was due to “oil and rice price shocks during the month.”
Salceda said. “The weeks after data collected were entirely better, and we’ll catch that next month.” Quezon Rep. Mark Enverga attributed this positive outlook to the upcoming harvest season and the agricultural initiatives taken by President Ferdinand Marcos Jr., who also serves as Agriculture secretary.
On the other hand, the research group IBON said the September inflation rate shows that the administration is failing to effectively address soaring prices and help the poor and vulnerable cope.
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