Price hikes stoke public anger in Philippines

By On June 12, 2018

Price hikes stoke public anger in Philippines

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Food vendo rs in Manila. Philippine government figures show prices of rice, corn, fish, alcohol, tobacco and fuel have risen.
Published35 min ago

Clamour for govt to roll back tax reform law as inflation rises to five-year high of 4.6%

Filipinos are reeling from soaring prices and anger is being aimed at the government, which refuses to roll back a tax reform law being blamed for the spike in costs.

Inflation, which measures price movements, rose to a five-year high of 4.6 per cent last month, above the government's forecast average of 3.9 per cent for the year.

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A version of this article appeared in the print edition of The Straits Times on June 13, 2018, with the headline 'Price hikes stoke public anger in Phili ppines'. Print Edition | Subscribe Topics:
  • PHILIPPINES
  • ECONOMIC AFFAIRS
  • INFLATION/PRICE LEVEL

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Source: Google News Philippines | Netizen 24 Philippines

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