Lki statement on the 2.7 pct June Inflation

2019-07-07 07:26:58

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 

President 

Laban Konsyumer Inc.

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