More Filipinos disappointed with government's inflation response 

Inflation News

More Filipinos disappointed with government's inflation response 
MarcosPulse Asia
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The survey was conducted from June 17 to 24, 2024, around a week after President Ferdinand Marcos Jr. praised his economic team for doing a 'good job' in managing the country's economy and bringing in a 'very large improvement' compared to a year ago.

The Philippine Statistics Authority yesterday reported that headline inflation – the rate of increase in the consumer price index – remained at 4.5 percent in May, in line with market expectations.MANILA, Philippines — More Filipinos are dismayed by how the Marcos administration has tamed the rising cost of basic goods and services, according to a new survey conducted by Pulse Asia Research in June, a month ahead of the president's third State of the Nation Address.

Pulse Asia also found that 72% of Filipinos consider tempering inflation as the most pressing national concern, followed by increasing workers' pay , reducing poverty , generating more jobs and fighting corruption in government . In June, headline inflation cooled to its lowest level after four consecutive months of acceleration due to the slower uptick in housing, water, and electricity costs, according to the Philippine Statistics Authority .

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