Marcos' disbelief over high inflation 'misunderstood,' says Diokno

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Finance Secretary Benjamin Diokno seeks to clarify what President Ferdinand Marcos Jr. meant when he said he disagreed with the inflation figure released by the Philippine Statistics Authority.

MANILA, Philippines – Finance Secretary Benjamin Diokno on Wednesday, July 6, clarified the remarks made by President Ferdinand Marcos Jr. regarding the country’s high inflation rate.

“The President’s disbelief at the 6.1% June 2022 inflation rate figure was misunderstood. He was referring to it as a full-year figure when in fact, the year-to-date, meaning January to June average inflation rate is actually 4.4%,” Diokno said.It was clear that reporters were referring to the 6.1% figure reported on Tuesday, July 5, the same day that Marcos met with his Cabinet officials.

The government is aiming to keep inflation within 2% to 4%, but estimates point to the 2022 average likely reaching 5%.“Much of our inflation is actually imported inflation. It is imported because it is the inflation on the products that have suffered inflation that we import…. When we analyze, we have to make those categorical differences so that we’ll better understand really what the situation is,” the President said.The last time inflation went up to 6.1% was in November 2018.

 

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Lol, bongbongmarcos is a 🤡

Ito na ba yung Roque version ni BaraBas?

Spokesman ka na lang? Taga linis na Lang ng kalat. Makes you Wonder why he's so willing to stoop so low and lose his integrity for the sake of someone who's inept, unqualified and a hoax.

Finance Secretary and Apologist. Kaya pala pinakamataas suweldo

Nakakaawa ang taong ito...naging apologist na lang ni Jr.

Parang si Roque.

[] Marcos doesn’t clarifiers. He needs interpreters. []

hindi bingi mga tao

Department of Explanation 😜

Di lang pala si Vic Rodriguez interpreter ni Mr.Marcos pati na rin cabinet secretary nya..Yan na ba pinagmamalaki nung 31M-thanks-to-COMELEC-voters?

Harry is that you 😊

As if we give sht about his mumblings. Now you feel his dead weight on keeping our economy afloat which is your main mandate po.

Magusap nga kayo ng amo mo! Di mo ba alam ang number nya?

Damage control...

IF the President really knows his data,the discussion will be different. He will correct immediately saying that 4.4%+- is the average inflation and it's not that high. But no, he commented on the 6%+- that was mentioned during the presscon as not that high.

Ilokano kasi kaya di alam ng lahat ang nuance hahaha!

Ano ang track record niya sa Agriculture Department? Ferdinand Romualdez Marcos, Jr., Nabudol Na, Walang Nagawa Pa! He is a huge big mistake, parang siya'y mukhang Ambisyoso. FerdinandRomualdezMarcosJrNabudolNaAmbisyosoPa BoyAlamano BoyNgwiPaMore MarcosJrIsABigMistake

Out of context again?kailangan pa talaga ng taga salag bawat presidente ngayon?😜😂🤣

misunderstood your *%’!ng as*

Interpreter please…

Huwag mong sirain ang pangalan mo para sa isang alam mong hindi deserving. Ang tanso hindi nagiging ginto kahit kelan. Baka masunog ka pagdating ng araw.Sayang ang iningatan mong pangalan kung bulok kang magtatapos.

babysitter..lol!

Matalino sana iyong Diokno eh, kaso nagiging bano sa kaka depensa nya sa boss nyang bano.

Di ba wala daw spokesperson ang president n’yo?

Vovo nga kasi

Mukhang ala Roque si Diokno.

Ganito nangyayari pag d maalam ang boss.

Akala ko economist si Jokeno, apologist pala!

The new spokeperson interpreter defender of economics flaws . Do it for 6 yrs Sec😳

Palusot pa si Sir Diokno... aminin nyo na wala talaga siyang alam.. yong mga nagsasabing bobo si ma'am Leni dyan tignan nyo na binoto nyo .. legit yan na bobo

😂😂😂tulad ni abo may interpreter din si jr!

When the President can't even communicate effectively, what kind of a leader is he?

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