Tag: 6.4 percent inflation rate

Arroyo: Gov’t “doing what it can” to address inflation in the country

(Eagle News) — Speaker Gloria Macapagal-Arroyo on Wednesday, Sept. 5, said the government was “doing what it can” to address inflation in the country. Arroyo, who is also an economist, made the statement following the Philippine Statistics Authority’s report inflation had accelerated to 6.4 percent in August. “I’m sure the government is taking steps to address the situation. When I called them up today, they were meeting so I’m sure that they’re looking at it,” […]