Philippines' Marcos says measures to curb inflation yet to take effect

Kitco Media
By Reuters
Published:
Updated:
Reuters
MANILA, Feb 7 (Reuters) - Philippine President Ferdinand Marcos Jr said on Tuesday it was "unfortunate" that the inflation rate continued to rise, indicating that measures his government had implemented to curb consumer prices "have not yet gone through the system." Marcos said, however, inflation, which beat expectations in January to reach a fresh 14-year high, is expected to ease with a drop in the price of fuel and imported agricultural products.
(Reporting by Neil Jerome Morales Editing by Ed Davies)

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