At the moment, the inflation rate has crept to the upper range of the target set by our economic managers. Every other sector is threatened by the looming threat of a high inflation rate. Between a GDP growth rate exceeding seven percent and an inflation rate well below three percent, our monetary authorities are mandated to choose the latter. There is also a political dictate to keeping the inflation rate low. There is an inverse correlation between the inflation rate and the acceptability of the sitting government.

Source: Philippine Star November 03, 2017 16:07 UTC