GOVERNMENT PROACTIVELY ADDRESSING HIGHER INFLATION – NEDA
The Philippine Statistics Authority reported today that the country’s headline inflation rate accelerated to 4.2 percent in January 2021, from 3.5 percent in the previous month. This is the fastest inflation rate in two years since the 4.4 percent inflation recorded in January 2019. Despite the higher inflation rate in January, the National Economic and Development Authority (NEDA) said that the inflation target for this year remains unchanged at 2 to 4 percent.