{"id":229736,"date":"2019-09-06T22:23:15","date_gmt":"2019-09-07T02:23:15","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=229736"},"modified":"2019-09-06T22:23:15","modified_gmt":"2019-09-07T02:23:15","slug":"govt-wont-be-complacent-in-taming-inflation-palace","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2019\/09\/06\/govt-wont-be-complacent-in-taming-inflation-palace\/","title":{"rendered":"Gov\u2019t won\u2019t be complacent in taming inflation: Palace"},"content":{"rendered":"<figure id=\"attachment_197910\" aria-describedby=\"caption-attachment-197910\" style=\"width: 960px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/01\/46794914_769103936757994_4124778757334499328_n.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-197910\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/01\/46794914_769103936757994_4124778757334499328_n.jpg\" alt=\"\" width=\"960\" height=\"640\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/01\/46794914_769103936757994_4124778757334499328_n.jpg 960w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/01\/46794914_769103936757994_4124778757334499328_n-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/01\/46794914_769103936757994_4124778757334499328_n-768x512.jpg 768w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2019\/01\/46794914_769103936757994_4124778757334499328_n-20x13.jpg 20w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/a><figcaption id=\"caption-attachment-197910\" class=\"wp-caption-text\">Presidential Spokesperson Salvador Panelo made this remark after the Philippine Statistics Authority (PSA) announced that the country\u2019s headline inflation has further eased to 1.7 percent in August of this year. (<a href=\"https:\/\/www.facebook.com\/PresSpokespersonPH\/photos\/a.397841807217544\/769103916757996\/?type=3&amp;amp;theater\">File Photo<\/a>: <a href=\"https:\/\/www.facebook.com\/PresSpokespersonPH\/\">Office of the Presidential Spokesperson\/Facebook<\/a>)<\/figcaption><\/figure>\n<p><strong>MANILA<\/strong>\u00a0&#8212; Malaca\u00f1ang on Thursday assured that the government will not be complacent in taming inflation even after it has reached almost a three-year low in August.<\/p>\n<p>Presidential Spokesperson Salvador Panelo made this remark after the Philippine Statistics Authority (PSA) announced that the country\u2019s headline inflation has further eased to 1.7 percent in August of this year.<\/p>\n<p>This figure is the lowest inflation in 35 months, in which the inflation rate was recorded at 1.8 percent in October 2016, according to the PSA.<\/p>\n<p>Panelo thanked Cabinet members of President Rodrigo Duterte and vowed to work twice as hard in addressing soaring prices of basic goods.<\/p>\n<p>\u201cWe thank the members of the economic team for a job well done as we assure our people that our success in taming inflation will not lull us into complacency,\u201d Panelo said in a statement.<\/p>\n<p>\u201cThe Duterte Administration will work double time in addressing the socioeconomic concerns of our people towards laying down the foundation of a safe, secure and prosperous nation where all Filipinos enjoy comfortable lives,\u201d he added.<\/p>\n<p>Citing data from the PSA, Panelo attributed the deceleration of inflation in August 2019 is to the slower annual increase in the index of food and non-alcoholic beverages; housing, water, electricity, gas, and other fuels; health; recreation and culture; restaurant and miscellaneous goods and services.<\/p>\n<p>The transport sector also contributed to the downtrend of inflation for this month, he said.<\/p>\n<p>He described this as \u201cpositive proof\u201d that macroeconomic policies and measures put in place by the President and our economic managers are \u201csound and resilient.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u00a0&#8212; Malaca\u00f1ang on Thursday assured that the government will not be complacent in taming inflation even after it has reached &hellip;<\/p>\n","protected":false},"author":44,"featured_media":197910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,95],"tags":[],"class_list":["post-229736","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","category-news-ph","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/229736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=229736"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/229736\/revisions"}],"predecessor-version":[{"id":229737,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/229736\/revisions\/229737"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/197910"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=229736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=229736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=229736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}