NEDA chief sees inflation falling below 6.5% in November

By: - Reporter / @DYGalvezINQ
/ 10:48 AM November 07, 2018
20181107 Ernesto Pernia Inflation Philippines October November

Neda Secretary Ernesto Pernia. INQUIRER FILE

Inflation will “easily” fall in November if non-tariff barriers on agricultural produce are lifted, Economic Planning Secretary Ernesto Pernia said.

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 inflation by lowering the prices of rice, fish, and meat, according to the chief of the National Economic and Development Authority (Neda).

Inflation would go down “easily below 6.5 percent,” Pernia said Wednesday when asked over 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 don’t make a bite right away on inflation. I think in November the impact would already have a more noticeable effect,” he added.

Pernia cited “policy effect lag” for inflation not going down despite government’s measures to tame it.

“There’s a policy effect lag. We implement a policy but if it’s in terms of getting it to have an impact, it takes the delivery agencies like the Department of Agriculture to see to it that it is implemented to the fullest,” Pernia said.

The Philippine Statistics Authority announced on Tuesday that inflation remained at 6.7 percent in October. /cbb

READ: October inflation at 6.7%; still at 9-year high as price pressures ease

Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine 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.

TAGS: inflation rate, latest news, latest updates, Local news, NEDA chief, news, Philippines news updates
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.