After another inflation spike, Bayan hopes President act to bring down prices

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MANILA, Philippines — President Ferdinand Marcos Jr. should no longer deny the high inflation rates in the country and instead work to bring down prices of goods and commodities, activist group Bagong Alyansang Makabayan (Bayan) hoped on Friday.

Bayan secretary general Renato Reyes in a statement again called for the suspension of taxes on oil products so that fuel prices would go down, and create a ripple effect on the prices of other goods and alleviate some of the burden on the people.

Reyes said this after the Philippine Statistics Authority announced earlier that the headline inflation rate for July jumped to 6.4 percent — higher than the 6.1 percent recorded in June, …

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