[ad_1]
Neda Secretary Ernesto Pernia. INQUIRY FILE
Ernesto Pernia said, "Inflation will be easily".
Pernia was banking on the implementation of Administrative Order No. 13 (AO13), which removes the limits and administrative constraints on the importation of agricultural goods.
AO13 would have a bigger effect on the inflation rate, and according to the National Economic and Development Authority (Neda).
Inflation would go down 6.5 percent, "said Pernia Wednesday when asked about ANC about the benefits of AO13.
President Rodrigo Duterte signed the order in October but its effects were not immediately felt, the Neda chief said.
"These things do not make a bite right away on inflation. I think in a more effective impact, "he added.
Pernia cited "policy effect lag" for inflation not going down government measures to tame it.
"There's a policy effect lag. "Pernia said." "It's a policy goal, but it's going to have an impact, it's going to be the delivery agencies like the Department of Agriculture," Pernia said.
The Philippine Statistics Authority announced on Tuesday that inflation stayed at 6.7 percent in October. / cbb
READ: October inflation at 6.7%; still at 9-year high
Read Next
Subscribe to INQUIRE MORE to get to the Filipino Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.
For feedback, complaints, or inquiries, contact us.
[ad_2]
Source link
