THE National Economic and Development Authority (NEDA) is confident that inflation will settle within the government's target this year.
THE National Economic and Development Authority is confident that inflation will settle within the government's target this year.Speaking in Filipino,
Undersecretary Rosemarie Edillon said at the Bagong Pilipinas Ngayon briefing on Friday the target is between 2 and 4 percent average for the year, which is the reason why believes it is achievable.Inflation fell to a four-year low of 1.9 percent in September this year, bringing the year-to-date inflation figure to 3.4 percent, which is well within the government's target.
Undersecretary Rosemarie Edillon. Photo from Presidential Communications OfficeEdillon said President Ferdinand Marcos Jr.'s move to create the Inter-Agency Committee on Inflation and Market Outlook helped in easing inflation.Under Marcos' Executive Order 28 issued in May last year, the IAC-IMO is tasked to monitor the main drivers of rising prices of basic goods, particularly of food and energy, and their proximate sources and causes.
Will Settle Within Target In 2024 NEDA
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