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75% dissatisfied with gov't effort vs inflation - poll
The Philippine Star
|February 18, 2024
Despite the easing inflation reported in recent months, three in every four Filipinos now say they are dissatisfied with the government's efforts to control the rising cost of basic commodities, a recent survey conducted by the OCTA Research group showed.
Results of the Dec. 10 to 14 survey released on Feb. 17 found a recordhigh 75 percent of respondents saying they were dissatisfied with the government’s performance in managing inflation.
Only six percent were satisfied, while 19 percent were undecided.
Compared to a similar survey in October, satisfaction with the government’s efforts to control inflation dropped by eight points from 14 percent, while dissatisfaction increased by 11 points from 64 percent.
The Philippine Statistics Authority recently reported that headline inflation slowed to a three-year low of 2.8 percent in January.
It dropped from 4.9 percent in October, 4.1 percent in November and 3.9 percent in December.
Although lower than the inflation rate recorded in the first half of 2023, having a positive inflation rate means that prices of basic commodities continue to increase.
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