Press Release
September 6, 2018
Villanueva's statement on 6.4% August inflation
The recent inflation figures show that our
economic managers are obviously not on top of this issue. We cannot wait for
prices to get further out of control. The economic managers do not seem to be
serious in dealing with the problem. So now, we are considering the option of
joining our colleagues in reversing the fuel excise tax to at least temper this
runaway price surge.
We also reiterate our consistent call to liberalize the entry of cheaper rice and to lower VAT to address this inflation debacle.
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