Provide your email for confirmation

Tell us a bit about yourself

country *
province *

why we ask about location

Please provide your email address

Login

To share your thoughts

Don't have an account?

Login with email

Check your inbox

We just sent a link to your inbox. Click the link to continue signing in. Can’t find it? Check your spam & junk mail.

Didn't get a link?

Sign up

Ready to get started

Already have an account?

Sign up with email

By signing up you agree to Rappler’s Terms and Conditions and Privacy

Check your inbox

We just sent a link to your inbox. Click the link to continue registering. Can’t find it? Check your spam & junk mail.

Didn't get a link?

Join Rappler+

How often would you like to pay?

Monthly Subscription

Your payment was interrupted

Exiting the registration flow at this point will mean you will loose your progress

Your payment didn’t go through

Exiting the registration flow at this point will mean you will loose your progress

Duterte: We're trying to control inflation

MANILA, Philippines – President Rodrigo Duterte gave his assurances that his government is trying to tame soaring inflation.

"I'm not apologizing. There is really inflation in the Philippines and we’re trying to control it," he told Filipinos in Jordan on Friday, September 7.

Earlier that day, Presidential Spokesman Harry Roque said the 9-year-high August inflation was "nothing to worry about" despite many Filipinos, especially poor households, bearing the brunt of soaring prices for essential goods like rice and vegetables.

He also said he would leave solutions to rising inflation to his economic managers, saying they are "brighter" than him.

Duterte then blamed United States President Donald Trump's trade war with China as a contributing factor to the inflation back home.

"Inflation is – dahil 'yan kay Trump. When Trump raised yung tariff and banned other items," he said. (Inflation is because of Trump, when Trump raised tariffs and banned other items.)

In the escalating trade war, the US has imposed taxes products coming from China, while China has done the same to US goods. This would have some effect on the Philippines when it comes to importing US goods made of materials from China.

But economists and observers believe the rising inflation in the Philippines is largely due to other factors. An explainer on Rappler says that inflation has largely been because of rising oil prices, the weakening of the peso against the US dollar, and expectations of people about inflation.

On Thursday, September 6, the Philippine peso reached a 13-year low when its value against the dollar got to P53.8 to $1. – Rappler.com

Pia Ranada

Pia Ranada covers the Office of the President and Bangsamoro regional issues for Rappler. While helping out with desk duties, she also watches the environment sector and the local government of Quezon City. For tips or story suggestions, you can reach her at pia.ranada@rappler.com.

image