Government should worry about sky-high inflation – economists

MANILA, Philippines (UPDATED) – Inflation in July surged to 5.7%, the highest in over 5 years. The figure brought up this year's average to 4.5%, already beyond the government's target range of 2% to 4%. 

The figures are worse if we look at the regional data. The Autonomous Region in Muslim Mindanao felt 7.7% inflation.

Should we worry about the elevated prices of goods? Experts are starting to get the jitters.

When we should worry

Why inflation accelerated further

Who or what is to blame



Ralf Rivas

A sociologist by heart, a journalist by profession. Ralf is Rappler's business reporter, covering macroeconomy, government finance, companies, and agriculture.