The Philippine government is working “double time” to address the rising inflation rate in the country, Presidential Spokesperson Harry Roque said on Sunday, October 7.
A poll released by Social Weather Stations (SWS) showed that the administration fell from +58 points in the second quarter of 2018 to +50 in the third quarter. The survey also showed that among the indicators set, President Rodrigo Duterte received the lowest score in addressing problems in inflation.
“Regardless of the numbers, we assure everyone that the Administration is working double time to ensure prices of basic goods become stable as we cushion the impact of higher inflation,” he said in a statement.
Despite this, Roque noted that the +50 rating of Duterte in the survey remains “very good”.
“Nagpapasalamat kami sa ating mga kababayan na patuloy na nasisiyahan sa Administrasyong Duterte,” Roque said.
The Philippine Statistics Authority (PSA) on Friday, October 5, reported that inflation rate in the country has further risen to a new nine-year high of 6.7 percent in September.
The September inflation rate was slightly higher than the 6.4 percent rate reported in August and is the highest since March 2009.
