SENATOR Francis \u201cChiz\u201d Escudero today called on the government to strengthen safeguards against rising consumer prices, as headline inflation climbed to 7.2 percent nationwide in April and reached 10.8 percent in Central Visayas and 9.9 percent in Zamboanga Peninsula, among the highest outside Metro Manila.<\/p>\n\n\n\n
Escudero said Central Visayas\u2019 double-digit spike and Zamboanga\u2019s near double-digit rate highlight the urgency of coordinated action between fiscal and monetary authorities, noting that households and farmers are bearing the brunt of rising food, fuel, and transport costs.<\/p>\n\n\n\n
\u201cBukod sa monitoring, kailangan natin ng agarang tugon para hindi tuluyang lamunin ng presyo ang kita ng mga pamilya, lalo na sa Visayas at Mindanao kung saan mayroon tayong pinakamataas na inflation rates,\u201d he stressed.<\/p>\n\n\n\n
The Philippine Statistics Authority (PSA) reported that headline inflation accelerated sharply from 4.1 percent in March and just 1.4 percent a year earlier, with core inflation also rising to 3.9 percent. The surge was driven mainly by food, transport, and housing costs, underscoring broad pressures across the economy. Food inflation reached 6.1 percent, with rice climbing 13.7 percent and corn 21 percent, alongside higher costs for fish, seafood, and vegetables. Transport inflation jumped to 21.4 percent, while housing, electricity, gas, and fuels rose 8.2 percent.<\/p>\n\n\n\n
These increases were felt most in regions where logistics and agriculture are central to daily life. Outside the National Capital Region, inflation averaged 7.7 percent, with Central Visayas remaining the country\u2019s inflation hotspot for the ninth straight month, posting a steep 10.8 percent driven by food and transport costs.<\/p>\n\n\n\n
Zamboanga Peninsula followed at 9.9 percent; Davao Region at 9.7 percent; SOCCSKSARGEN at 9.6 percent; and Caraga at 9.4 percent. The lowest was recorded in Negros Island Region at 4.9 percent, showing wide disparities across the country.<\/p>\n\n\n\n
While expressing confidence in the administration\u2019s economic team, he stressed the need for tighter alignment between the Department of Finance (DOF) and the Bangko Sentral ng Pilipinas (BSP).<\/p>\n\n\n\n
\u201cImproved coordination between fiscal and monetary authorities will be important in the coming months. By working closely with the DOF and the BSP, the government can craft a more responsive strategy that addresses pressures currently affecting the regions,\u201d he pointed out. \u201cThe fight against inflation must be felt most in the regions where families are struggling to keep pace with rising costs,\u201d Escudero said. (PR)<\/p>\n","protected":false},"excerpt":{"rendered":"
SENATOR Francis \u201cChiz\u201d Escudero today called on the government to strengthen safeguards against rising consumer prices, as headline inflation climbed to 7.2 percent nationwide in April and reached 10.8 percent in Central Visayas and 9.9 percent in Zamboanga Peninsula, among the highest outside Metro Manila. Escudero said Central Visayas\u2019 double-digit<\/p>\n","protected":false},"author":2,"featured_media":8450,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[7,32,13],"tags":[],"class_list":["post-18593","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-thisweektopstories","category-top-stories",""],"yoast_head":"\n