THE administration of President Ferdinand “Bongbong” Marcos Jr. is “redoubling” its efforts to address the country’s inflation, which further...
THE administration of President Ferdinand “Bongbong” Marcos Jr. is “redoubling” its efforts to address the country’s inflation, which further soared to 6.1 percent in September, Finance Secretary Benjamin Diokno said Thursday, October 5, 2023.“The Philippine government is all hands on deck in ensuring that we have the right policy measures, programs and monitoring mechanisms in place to arrest rising commodity prices, which remain to be the top-of-mind concern of our citizens,” Diokno said.
The finance department said the high inflation in restaurants is partly attributed to second-round effects of higher prices of food commodities and high demand for these services while the continued high rental cost was caused by the increase in demand as economic activities normalized following the pandemic.
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