La­bor group be­lit­tles drop in in­fla­tion

The Freeman - - NEWS - — Mitchelle L. Palaub­sanon/ FPL

Mil­i­tant group Buk­lu­ran ng Mang­ga­gawang Pilipino (BMP) be­lit­tled Mala­canang's claim that the de­ci­sive ac­tion of Pres­i­dent Ro­drigo Duterte to ad­dress the soar­ing prices of con­sumer goods has dropped the in­fla­tion rate to six per­cent last month.

The group be­lieves that the .7 per­cent de­crease of in­fla­tion will not trickle down to the lowly wage earn­ers but would rather ben­e­fit the com­mod­ity spec­u­la­tors, traders, and in­dus­tri­al­ists.

"If ever the eas­ing on in­fla­tion will re­sult into a drop in whole­sale prices, traders will use it as an op­por­tu­nity to buy cheap and sell dearly dur­ing the hol­i­days as work­ers have re­ceived their 13th month pay and bonuses. A same trend could now be seen at the stock mar­ket," read a BMP state­ment.

The la­bor group added that even be­fore prices of ba­sic ne­ces­si­ties could trickle down the level of re­tail­ers it would dra­mat­i­cally in­crease again as de­mand rises dur­ing the hol­i­days.

“Be­tween to­day and the hol­i­days, there is an in­signif­i­cant amount of time for the work­ers and poor to feel the ef­fects of the drop in in­fla­tion on re­tail prices of their ba­sic needs, if there will be any,” said Leody De Guz­man, BMP chair­per­son.

De Guz­man said that with such a small win­dow, this will hardly make a dent on mar­ket prices be­fore it starts ris­ing again.

De Guz­man an­tic­i­pates that the se­cond tranche of the oil ex­cise tax, which levies an ad­di­tional P4.50 for diesel and P9 for gaso­line, will un­leash more fa­tal blows to fam­i­lies of wage earn­ers and those be­long­ing to the in­for­mal econ­omy once it is im­ple­mented.

The group also scoffed at pres­i­den­tial spokesper­son and le­gal ad­viser Sal­vador Panelo's claim that the pres­i­dent took “de­ci­sive ac­tion” to soften the im­pacts of his un­pop­u­lar TRAIN Law.

They ar­gued that groups and or­di­nary cit­i­zens were al­ready up in arms as early as 2017 and yet the ad­min­is­tra­tion still forced the tax im­po­si­tion de­spite pop­u­lar re­sis­tance.

De Guz­man said that he and his party, Par­tido Lakas ng Masa, will pur­sue the im­me­di­ate scrap­ping of the en­tire ex­cise tax pack­age on crude oil as well as the col­lec­tion of value added tax on pe­tro­leum and pe­tro­leum prod­ucts to un­bur­den con­sumers with over tax­a­tion.

"The com­ing elec­tions will be pay­back time. Or­ga­ni­za­tions will use the cam­paign pe­riod as a plat­form to hold the politi­cians al­lied the Duterte ad­min­is­tra­tion ac­count­able for the mis­eries they have im­posed on us. Our in­di­vid­ual votes shall col­lec­tively be a po­lit­i­cal state­ment as re­flected in our bal­lots,” de Guz­man said.

Newspapers in English

Newspapers from Philippines

© PressReader. All rights reserved.