LKI Statement on the 2.7 % inflation report.
JULY 5 , 2019
The June inflation report looks good as it falls within the middle range of annual target of 2 to 4 pct .
As we in Laban Konsyumer Inc . always say , the inflation report should translate to a lower inflation impact to the 30% of the Filipino household that are classified as poor Filipinos.
The May inflation for the poor households stands at 4.6 pct. The June report which normally is released middle of the month should mirror the 2.7 low inflation for June .
Please note that in the PSA press statement , certain food products not elsewhere classified such as rice , corn , vegetables , increased by 7 .3 pct on an annual basis.
These could be the increases in the srps of basic and prime goods which had been inplemented in tranches since the start of the year.
Lâstly, the challenge is the sustainability of the lower inflation report.
Atty Vic Dimagiba
Laban Konsyumer Inc.