Government doing what it can to fight inflation, Arroyo says


Posted at Sep 06 2018 04:23 AM

Government doing what it can to fight inflation, Arroyo says 1

MANILA—Measures are being taken by the Duterte administration to address the recent inflation, House Speaker Gloria Macapagal-Arroyo said Wednesday.

"The government is doing what it can to address it," she said after the oath-taking of National Youth Commission chairman Ronald Cardema.

Inflation stayed at its fastest in nearly 10 years and rose past forecasts to 6.4 percent.

During her term as president, Arroyo said inflation spiked to 6.6 percent in March 2009.

How did the government bring it down to 1.5 percent in 3 months' time? 

"A lot of measures were taken, combination, but maybe the biggest single factor was the massive importation of rice together with buying massively from the local farmers," she said.

Arroyo said she plans to discuss the issue with Albay 2nd District Rep. Joey Salceda, her special focal person for counter-inflation measures.

"I have been asking Joey Salceda if we can sit down again and see if there are some other things that we suggested before that we can stress again or whether there are new causes for inflation or whether there are new steps that need to be done," she said.

The lawmaker was also her economic adviser during her presidency.

Salceda earlier blamed the government for its supposed inaction on the soaring inflation.

He said the government "did little or nothing" to tame rising prices.