On the 6% November inflation

Inflation has slowed down, registering 6% in November, as per the report of the Philippine Statistics Authority (PSA). The Palace accepts this as good news.

We attribute this to the President’s empathy to public clamor and his decisive action in response thereto, which includes the issuance of Administrative Order No. 13 to streamline procedures on the importation of agricultural products, including rice, as well as Memorandum Order (MO) Nos. 26, 27, and 28 to stabilize the prices of agriculture and fishery products at reasonable levels and maintain their sufficient supply in our markets.

These measures address issues on food supply, among others, as there is a marked decrease in food inflation from 9.4% in October to 8% in November. Prices of rice, corn, fish, meat, fruits and vegetables have gone down.

We assure everyone that we will continue to be vigilant and monitor the prices of basic goods and commodities to ensure that hunger incidence and food insecurity are eradicated.

Salvador S. Panelo Chief Presidential Legal Counsel & Presidential Spokesperson