The Philippine Star

US embassy mum on Rody inflation remark

-

The US embassy in Manila was mum on President Duterte’s statement laying the blame for the record high inflation in the country on US President Donald Trump.

“I would only say we are proud of the economic cooperatio­n and the contributi­ons US companies make to the Philippine­s, providing quality jobs and products,” said US embassy spokespers­on Molly Koscina in an email to The STAR.

“US companies are the country’s largest employer and largest exporter,” she added.

The Philippine­s’ inflation rate hit a nine-year high of 6.4 percent last month. Economic managers attributed this to higher food prices as well as increased costs of fuel, electricit­y and transport.

During a meeting with the Filipino community in Jordan, Du te rte blamed tariffs imposed by Trump, saying: “Inflation is dahil ‘yan kay (because of) Trump. When Trump raised yung mga tarrif niya, pati banned other items, nagkaloko-loko (it all went haywire).”

Based on government data, the spike in inflation was caused by high prices of food and nonalcohol­ic beverages.

Meanwhile, labor group Partido Manggagawa (PM) accused Duterte of allegedly “wasting his time and power in neutralizi­ng his political opponents” rather than in arresting the deluge of high prices.

In a statement, PM chairman Renato Magtubo said workers are more concerned over the devaluatio­n of their wages than the missing amnesty files of Sen. Antonio Trillanes IV. – Pia Lee-Brago, Sheila Crisostomo, Rhodina Villanueva

Newspapers in English

Newspapers from Philippines