Peninsula Pulse – June 16 23, 2017

MANILA, Philippines — Controlling the spiraling cost of goods remains the leading national concern among Filipinos, the latest Pulse Asia survey suggests.

According to its latest Ulat ng Bayan, one out of every two Filipinos (50 percent) considers the need to control the rise in prices of goods as the national concern that the administration of President Rodrigo Duterte should address immediately.

There is a 13-percentage point rise in the percentage of Filipinos who consider the need to control inflation an urgent national concern from the same period last year at 37 percent.

According to the Bangko Sentral ng Pilipinas in September, the country’s inflation rate may exceed 3.4 percent this year due to the impact of higher oil prices as well as the wage hike in Metro Manila.

Last July, the BSP believed inflation had already reached its peak at 3.4 percent in March and April and slowed down to 2.7 percent in May and June before inching up to 2.8 percent in July, and 3.1 percent in August.

READ: Inflation could hit new high this year

Headlines ( Article MRec ), pagematch: 1, sectionmatch: 1

Source : http://www.philstar.com/headlines/2017/10/20/1750726/pulse-asia-inflation-remains-top-concern-filipinos

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