Latest Breaking News On - Uot cruz angeles said ina palace briefing all of these had already been factored in and was even mentioned president ferdinand marcos jr 39s first state the nation address sona on july 25 his speech - Page 1 : comparemela.com
Press Secretary Trixie Cruz-Angeles (Rey Baniquet/NIB photo) MANILA - Malacanang on Friday said it has already anticipated the uptick in the country's inflation because of global events such as the Russia-Ukraine war, the ongoing coronavirus disease 2019 (Covid-19) pandemic, and Covid-related lockdowns in China. Press Secretary Trixie Cruz-Angeles made this remark after the Philippine Statistics Authority (PSA) reported that the domestic rate of price increases rose further to 6.4 percent last July. This is the fourth consecutive month it breached the government's 2 to 4 percent target inflation band, and the highest rate since October 2018. "I understand that these were projected even before given the inputs due to the international events that have led to the increase in the prices of petroleum," Cruz-Angeles said in a Palace briefing. Cruz-Angeles said all of these had already been factored in and was even mentioned in President Ferdinand Marcos Jr.'s first Sta