Finance Secretary Benjamin Diokno on Wednesday clarified President Ferdinand “Bongbong” Marcos Jr.’s remark expressing disagreement with the 6.1% June inflation rate reported by the Philippine Statistics Authority (PSA).
Read: www.gmanetwork.com/news/money/economy/837225/marcos-was-referring-to-full-year-figure-when-he-disagreed-with-6-1-june-inflation-diokno/story/
Marcos, in his first press briefing as president on Tuesday, said that he “will have to disagree with” the 6.1% June inflation print, saying “we are not that high.”
But according to Diokno, Marcos "was referring to it as a full-year figure when in fact the year-to-date, meaning January to June, average inflation rate is actually 4.4%. So that was what he has in mind."
Read: www.gmanetwork.com/news/money/economy/837225/marcos-was-referring-to-full-year-figure-when-he-disagreed-with-6-1-june-inflation-diokno/story/
Marcos, in his first press briefing as president on Tuesday, said that he “will have to disagree with” the 6.1% June inflation print, saying “we are not that high.”
But according to Diokno, Marcos "was referring to it as a full-year figure when in fact the year-to-date, meaning January to June, average inflation rate is actually 4.4%. So that was what he has in mind."
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