STORY OF THE DAY


SEC. ROQUE: ECONOMIC MANAGERS DISCUSS WAYS TO ADDRESS RISING INFLATION



The country's economic managers have decided to implement mitigation measures to address the rising inflation.

These measures, the Palace said, aim to protect the interest of the consumers and the producers.

In a meeting held last August 16, the Duterte cabinet purportedly agreed that the continued spike on prices of basic commodities won't only be solved by lowering the tariff, hence they have considered the importation of food products such as of round scad.

Presidential Spokesperson Harry Roque however said this won't include the importation of formalin-tainted “galunggong.”

The official said among the mitigation measures decided upon by the managers include the removal of special safeguard measures on onions and poultry products.

Meanwhile for vegetable and rice, Roque said, close monitoring and regular inspection will be conducted.