Gov’t accelerates inflation mitigation measures’ rollout 6 SHARES Share it! Share TweetBy Chino S. LeycoThe national government is accelerating the rollout of its social mitigation measures to further ease the impact of inflation on the country’s vulnerable sectors, the Department of Finance (DOF) said. By doing so, Habitan said this will help the poor the most as rice accounts for 20 percent of their consumption. These twin measures, she said, will help cancel out the minimal impact of the Tax Reform for Acceleration and Inclusion (TRAIN) Law on inflation and speed up the rollout of the social mitigation measures provided under this law. Based on estimates by the Bangko Sentral ng Pilipinas (BSP), rice tariffication alone will immediately lower the inflation rate by 0.4 percentage points, “which already offsets TRAIN’s impact on prices,” Habitan said.

Source: Manila Bulletin May 30, 2018 13:52 UTC