BAYAN MUNA: SUPPOSED LOWER INFLATION NOT EVEN FELT BY POOR
Bayan Muna chairman and Makabayan senatorial bet Neri Colmenares and Bayan Muna Rep. Carlos Isagani Zarate today said that the supposed lower inflation rate for March at 3.3% is not even felt by the poor.
“The fact is, prices of goods are still going up! Di naman ito ramdam ng mga mahihirap,” said Rep.Zarate.
“The deceleration does not mean that prices of goods are now going down. The rate of price increases now may have been slowing down, but, the sad fact is the prices of goods are still spiking, on top of the increases registered last year, where the headline inflation peaked at 6.7%, the highest in the last ten (10) years,” added the progressive solon.
“Also, the March 2019 inflation rate of 3.3 %, is in fact, still higher compared to the 3.1% inflation rate posted in March 2017,” said the Davao-based solon.
Colmenares meanwhile said that “no amount of positive spinning by the economic team of Malacañang can not erase nor hide the fact that our people, particularly the vast majority poor, are now taking the brunt of the adverse and harsh effects of the anti-poor economic policies that ushered, among others, new burdensome taxes under the TRAIN law, the dumping of imported products, including rice, meat, poultry, sugar, etc. which slowly kills the country’s agricultural sector,”
“Since the Duterte administration is bent on pursuing further a neo-liberal economic thrust in the remaining half of its term, our people should brace for even more hardships as this mean stunted or depressed income or wages , more ENDO or contractualuzation, still rising underemployment and unemployment rates, more displacements of the poor, etc,” ended Colmenares.###