Gov't vows sustained efforts to tame inflation

Malacañang yesterday assured the public that the government would sustain efforts to keep inflation manageable.

- ALEXIS ROMERO

"According to the National Economic and Development Authority, the lower inflation rate is an indication that the measures of the government against inflationary pressures are effective. The agency will work to keep the inflation rate low and to respond to the possible increase in the prices of commodities," Presidential Communications Undersecretary Claire Castro said at a press briefing.

The Philippine Statistics Authority reported that inflation slowed further to 2.1 percent in February, down from 2.9 percent in January, marking a continued downward trend that signals improved economic conditions.

Speaker Martin Romualdez lauded the continued drop in inflation, saying it reflects the success of President Marcos' economic team in stabilizing prices and protecting the purchasing power of Filipinos.

"We know how tough the past few years have been, but the numbers don't lie — inflation is going down and our economy is getting stronger," Romualdez said.