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 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 Sentral , Ferdinand Marcos Jr , Joey Salceda , Trixie Cruz Angeles , Bayan Bangon Muli , Philippine Statistics Authority , Secretary Trixie Cruz Angeles , President Ferdinand Marcos , Nation Address , Albay Representative Joey Salceda , Press 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 War , He Ongoing Coronavirus Disease 2019 Covid 19 Pandemic , Nd 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 Band , Nd 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 Petroleum , 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 , Arcos 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 , T 39s Part Of It We Have Expected This 39 Ll Just Wait Until Evens Out And The Details Which Should Be Asked Dof Department Finance , Uot Cruz Angeles Said The Average Inflation In First Seven Months This Year Stood At 4 7 Percent Last June 6 1 While It Was 3 July 2021 House Ways And Means Committee Chair Albay Representative Joey Salceda , Aid He Would Strongly Recommend To The House Leadership Tackle Bayan Bangon Muli Special Powers Bill Ensure That President Has Latitude Manage Price , Nd Logistics Bottlenecks Quot The Most Important Concern Of Government Will Remain Food Security , Food Sufficiency , Nd Food Prices , Uot Salceda Said He Also Suggested That Adjustments In Monetary Policy Can Be Used Only To Adjust Global Conditions , Ut Quot They Are No Substitutes To Supply And Price Solutions In The Real Economy Ina Statement , He Bangko Sentral Ng Pilipinas Said The Inflation Print Last Month Is Within Its 5 6 To 4 Percent Target Range For July And Consistent With Quot Assessment Of Elevated Price Pressures Over Near Term On Firmer Indication Second Round Effects Bsp Risks Are Coming From Impact Russian Ukraine Conflict Prices Non Oil Commodities In International Market , S Well As The Potential Second Round Impact Of Elevated Oil Prices On Goods And Services It Also Assured That Will Quot Take All Necessary Policy Action To Bring Inflation Towarda Target Consistent Path Over Medium Term Deliver Its Primary Mandate Price Stability Pna ,