Lower inflation is Duterte’s ‘empathy to public clamor’ – Panelo 55 SHARES Share it! Panelo attributed the lower inflation to the President’s “empathy to public clamor” and his “decisive action” to stabilize the prices of agriculture and fishery products at reasonable levels as well as keep their sufficient supply in the markets. “These measures address issues on food supply, among others, as there is a marked decrease in food inflation from 9.4% in October to 8% in November. The Philippine Statistics Authority reported that the country’s inflation slowed down to 6 percent in November, from 6.7 percent recorded in October. Authorities earlier projected a lower inflation in November amid the drop in global oil prices, stronger peso, and improved supply of rice and other agricultural products.

Source: Manila Bulletin December 05, 2018 05:37 UTC