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Manila Bulletin devider Philippines devider National devider PH inflation rise in July expected, says Angeles

PH inflation rise in July expected, says Angeles

Published Aug 5, 2022 05:10 pm

The Malacañang on Friday, Aug.5, said it expected the spike in the country’s inflation rate in July.

(MB File Photo)

This was the reaction given by Press Secretary Trixie Cruz-Angeles when asked about the Philippine Statistics Authority (PSA) report saying inflation last July accelerated to 6.4 percent.

Notably, the 6.4 percent inflation rate recorded last July is faster compared to the 6.1 percent in June.

“I understand that these were projected even before, given the inputs due to the international events that have led to the increase in the prices of petroleum,” she said during a media briefing.

“So all of these had been factored and in fact, was even mentioned in the State-of-the-Nation (Address) of the President.”

Angeles said they will soon issue an official statement to the media.

Meanwhile, she noted that the Department of Finance (DOF) will also release its statement about the inflation rate.

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Gov’t expected rise in PH’s inflation in July—Malacañang
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