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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

Bangko sentralFerdinand marcos jrJoey salcedaTrixie cruz angelesBayan bangon muliPhilippine statistics authoritySecretary trixie cruz angelesPresident ferdinand marcosNation addressAlbay representative joey salcedaPress secretary trixie cruz angeles rey baniquet nib photo manila malacanang on friday said it has already anticipated the uptick in country 39s inflation because of global events such as russia ukraine warHe ongoing coronavirus disease 2019 covid 19 pandemicNd covid related lockdowns in china press secretary trixie cruz angeles made this remark after the philippine statistics authority psa reported that domestic rate of price increases rose further to 6 4 percent last july is fourth consecutive month it breached government 39s 2 target inflation bandNd the highest rate since october 2018 quoti understand that these were projected even before given inputs due to international events have led increase in prices of petroleumUot 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 speechArcos said inflation has accelerated in recent months mainly due to significant increases international prices of oil and other key commodities marcos the average for 2022 is projected range from 4 5 percent following uptick fuel food ongoing russia ukraine conflict disrupted supply chains quot so