Philippines’ finmin: Govt to step up efforts to curb inflation

Finance Secretary Benjamin Diokno

 Philippine Finance Secretary Benjamin Diokno said on Tuesday the government would intensify efforts to bring inflation within its assumption of 2.5% to 4.5 % for 2023, even as he expects the headline figure to decelerate.

Inflation in January blew past expectations to touch a fresh 14-year high on surging food prices, raising the chance of the central bank delivering a bigger interest rate hike to tame prices when it meets this month.

READ: Philippine January annual inflation accelerates to 8.7%

—Reporting by Karen Lema; Editing by Clarence Fernandez

Show comments