Latest Breaking News On - O poor filipino families for three months amid surging commodity prices albay rep joey salceda made the statement as country 39s headline inflation quickened to 5 4 percent in may from 9 april - Page 1 : comparemela.com
(File photo) MANILA - A lawmaker on Wednesday cited the need to expedite the release of still undistributed subsidies, particularly the proposed PHP500 monthly subsidy, to poor Filipino families for three months amid surging commodity prices. Albay Rep. Joey Salceda made the statement as the country's headline inflation quickened to 5.4 percent in May from 4.9 percent in April, according to data released by the Philippine Statistics Authority. Salceda said elevated inflation levels would persist as the Russia-Ukraine conflict "continues without signs of abating." He said he would follow up with relevant government agencies on President Rodrigo Duterte's promised PHP500 monthly cash aid, which was supposed to be implemented instead of the proposal to suspend fuel excise taxes. "I am concerned that the poor are getting hit harder than everyone else in this. The inflation rate for the bottom 30 percent of households, year to date, has been 4.3 percent, whereas gener