Gov’t not manipulating inflation figures – NEDA 19 SHARES Share it! Share TweetBy the Philippine News AgencySocioeconomic Planning Secretary Ernesto Pernia has countered allegations that the government is manipulating inflation figures, especially the rise of the August 2018 rate to 6.4 percent. Pernia, who is also the National Economic and Development Authority (NEDA) Director General, said initial data releases of the Philippine Statistics Authority (PSA), a NEDA attached agency, are preliminary figures and subject to revisions. The PSA normally issues the revisions on GDP figures a day before the latest quarter’s output is announced. “In the case of 2018 August inflation, the revision was also an appropriate and necessary corrigendum ( ‘to be corrected’) as the error was detected early.

Source: Manila Bulletin September 10, 2018 01:52 UTC