FACT-CHECK: Marcos claims downtrend in inflation
President Ferdinand “Bongbong” Marcos Jr. said overall inflation had declined, as he delivered his fourth State of the Nation Address at the Batasang Pambansa on July 28.
President Ferdinand “Bongbong” Marcos Jr. said overall inflation had declined, as he delivered his fourth State of the Nation Address at the Batasang Pambansa on July 28.
A TikTok post claiming a drop in rice prices under President Ferdinand “Bongbong” Marcos Jr. failed to provide context about the rice being sold at P20 per kilo, which is only available through the Department of Agriculture’s Kadiwa ng Pangulo (KNP) marketing initiative, and in selected KNP centers.
The Philippines should call for “fair rules of the game” at the food and fertilizer market. The Philippine should defend its right, in its relations with the US and European Union, to access food and agricultural products without paying attention to the political aspect.
Without offering any statistical basis, President Ferdinand Marcos Jr. claimed in his second State of the Nation Address (SONA) that prices in various sectors went down in recent months.
The Philippine Statistics Authority (PSA) reported 8.7-percent inflation for January 2023, the fastest since November 2008 15 years, as prices of consumer goods in the country continued to increase.