Press Release
June 7, 2019

STATEMENT OF SENATOR WIN GATCHALIAN ON THE MAY 2019 INFLATION RATE

The Philippine Statistic Authority (PSA) has reported that the inflation rate rose to 3.2% in May from April's 3%, higher than our own estimate of 3.1%. This is primarily due to higher food prices last month and a weaker peso.

While the increase in last month's inflation rate is minimal, the government should nevertheless expedite the full implementation of the Pantawid Pamilyang Pilipino Program (4Ps) Law. This will shield our underprivileged countrymen from rising prices of basic commodities and help reduce the number of Filipino families that consider themselves poor.

Noong nakaraang taon, madami sa mga mahihirap nating kababayan ang nakaramdam sa naging epekto ng pagtaas ng inflation dahil sa mabagal na implementasyon ng iba't ibang social mitigating measures, kasama na ang conditional cash transfer. Sana po ay hindi na maulit ang mga naging pagkakamali natin sa implementasyon ng mga programang ito.

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