House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office)

House Speaker Martin Romualdez has praised President Marcos for the slowdown in inflation rate, from 3.9 percent in May to 3.7 percent in June. 

The Philippine Statistics Authority (PSA) said the slower inflation was due mainly to lower energy and transportation costs. 

“This means that inflation, which measures the rate of increase in the prices of goods and services, has been effectively controlled by the administration's strategic economic policies,” said Romualdez, Leyte's 1st district representative, in a statement.  

He pointed out this achievement amid ongoing global challenges, including supply chain disruptions and financial instabilities in significant economies. 

The Speaker said the impact of these measures on ordinary Filipinos has been profound as reduced inflation translates to lower living costs, enabling families to afford necessities without straining their budgets. 

He added that the price stability has also fostered a more predictable economic environment, encouraging both local and foreign investments and subsequently generating more jobs. 

“By keeping inflation under control, we have safeguarded the purchasing power of every Filipino. This achievement is not just a testament to the administration’s competence but also a promise of continued prosperity and stability for our nation,” Romualdez said. 

"Moreover, the Bangko Sentral ng Pilipinas (BSP) has implemented prudent monetary policies, keeping inflation expectations anchored and maintaining currency stability,” he added

The House leader, however, emphasized the importance of continued vigilance and adaptive strategies to maintain this positive trajectory. 

“We must remain proactive and resilient, ensuring our economic policies evolve with the changing global dynamics. The road ahead may present new challenges, but with the same dedication and strategic approach, we will continue to thrive,” he said.