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MANILA, Philippines — Malacañang on Friday said the easing of inflation in May proves that the government’s measures under the Unified Package for Livelihoods, Industry, Food, and Transport (Uplift) strategy are gradually producing results.
The country’s inflation eased to 6.8 percent in May from 7.2 percent in April, as transport and food prices softened amid the energy crisis driven by the Middle East conflict, according to the Philippine Statistics Authority.
READ: Inflation slows to 6.8% in May
“The decline in inflation to 6.8% this May is good news for Filipino families. It is a sign that the government’s measures under the Uplift strategy are gradually bearing fruit,” Castro said in a Viber message to reporters.
