Economist-solon Albay 2nd district Rep. Joey Salceda says the Philippines' continously slowing inflation will protect the coutnry from the effects of the United States' (US) increased tariffs.

This, as Salceda welcomed the 1.4 percent inflation posted in April, the lowest in over five years.

"[It's] very good news, especially with food and beverage inflation being at just 0.9 percent. It will also give the BSP (Bangko Sentral ng Pilipinas) plenty of room to reduce interest rates, which, of course, is beneficial for people with home loans and for businesses," he said.

"Overall, this should help shield us from volatilities brought about by unstable tariff policies of the US and the resulting retaliatory tariffs from other countries," added Salceda, a gubernatorial candidate in next week's mid-term elections.

Salceda said that he also expects "some positive movement in the equities market as a result". 

"Foreign buying has been picking up in anticipation of good inflation numbers and I see some continuation of that, as investors realize that the Philippine economy is more resilient to global shocks than they feared," he explained.

The March inflation rate was 1.8 percent.