‘JUST POLITICKING’ | Palace hits Sen. Pangilinan’s claim on inflation

1 week ago

NOVEMBER 8, 2018 – Malacañang on Thursday scored Senator Francis Pangilinan’s claim that the government has not done any concrete action to address the rising prices of goods.

Presidential Spokesperson Salvador Panelo said Pangilinan is just politicking.

“We find it unfortunate that Senator Francis Pangilinan is still milking the issue of inflation considering prices have gone down,” Panelo said in a statement.

“His claim that the government has not done any concrete action to address the increasing prices of goods is out of touch with reality and is certainly another form of politicking to discredit the administration,” he added.

Pangilinan earlier criticized the government’s failure to address the country’s inflation woes.

“The government’s economic team released a joint statement on October 7 assuring us that its members are working on lowering the prices of goods and giving assistance to our people greatly affected by inflation” Pangilinan said in a statement.

“But the increasing prices of goods has been the country’s problem for more than two months. And yet until now, we haven’t seen any concrete action by the government to directly address this problem,” he added.

Panelo, however, said that the government’s economic team is not worried with the 6.7 percent October inflation rate because it has already “plateaued.”

“Government economists are not worried with the 6.7% October inflation rate because it has already plateaued and we are looking forward that it would further ease in the coming months as a result of the steps directly taken by the Executive Branch to address the rising prices of goods,’ Panelo said.

Inflation stayed at 6.7 percent for October, the same as last September’s nine-year high rate. This is the first time inflation remained steady after nine consecutive months of increase.

Food inflation also showed signs of easing, with lower rates for corn, meat, fruits and vegetables, while sustaining minimal increase in rice and fish.

(READ ALSO: NO CHANGE | October inflation remains at 6.7%)

Panelo also assured the public that the government is doing its part to address the issue.

“We guarantee that this administration is not taking the issue of rising prices sitting down. We are doing all we can to make sure that there is food in every Filipino family’s table,” he said.