Pres. Marcos ‘disagrees’ with 6.1% June inflation; PSA chief stands by report
- 2 years ago
President Ferdinand "Bongbong" Marcos Jr. does not agree with the government report stating that the inflation rate clocked in at 6.1% in the past month. READ: https://www.gmanetwork.com/news/money/economy/837145/marcos-disagrees-with-6-1-june-inflation-psa-chief-stands-by-report/story
The Philippine Statistics Authority earlier reported that inflation—the rate of increase in the prices of goods and services—quickened to 6.1% in June from 5.4% in May and the downwardly revised 3.7% in June 2021.
Sought for comment on the President’s remark, National Statistician and PSA chief Claire Dennis Mapa said, “The Philippine Statistics Authority stands by its report.”
Marcos did not say why he disagrees with the PSA’s June inflation figures.
He, however, went on to say that the country’s inflation may cross the government target.
The Philippine Statistics Authority earlier reported that inflation—the rate of increase in the prices of goods and services—quickened to 6.1% in June from 5.4% in May and the downwardly revised 3.7% in June 2021.
Sought for comment on the President’s remark, National Statistician and PSA chief Claire Dennis Mapa said, “The Philippine Statistics Authority stands by its report.”
Marcos did not say why he disagrees with the PSA’s June inflation figures.
He, however, went on to say that the country’s inflation may cross the government target.