Finance Secretary Benjamin E. Diokno on Friday said the country’s inflation rate may have already “peaked” in December at 8.1 percent and added that he is optimistic that average inflation this year would be within the government’s target band. Know more:
Finance Secretary Benjamin E. Diokno on Friday said the country’s inflation rate may have already “peaked” in December at 8.1 percent and added that he is optimistic that average inflation this year would be within the government’s target band.
The Cabinet-level Development Budget Coordination Committee has set an inflation target of 2.5 percent to 4.5 percent this year. Furthermore, Diokno pointed out that things are looking brighter for the Philippines following the strong full-year economic performance last year, which was at 7.6 percent.
For one, Diokno said the national government is keen on improving the agriculture sector, which he noted has remained a “laggard” for decades already.
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