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Malacañang on Saturday expressed confidence that the country would end the year with a rosy inflation environment following the sharp slowdown in the rate of increase in goods and services prices seen last month."We are upbeat in our belief that average inflation for 2024 will be better than expected," the Presidential Communications Office said in a statement.The Marcos administration's economic managers are expecting inflation to settle within 3% to 4% this year.
The Palace added that ramping up food production "in conjunction with the targeted entry of food items that will plug supply gaps but done in a timely manner so they will discourage price and stock manipulation will also be implemented.""As we enter the holiday season, the government will be vigilant in seeing to it that prices will be stabilized at a level that will not dampen the spirit of the season," it said.
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