High inflation rate August 2021 led to relaxation of MECQ to GCQ?

Today the Philippine Statistics Authority (PSA) released the August 2021 inflation rate 4.9%, highest since Dec 2018. 

https://psa.gov.ph/statistics/survey/price/summary-inflation-report-consumer-price-index-2012100-august-2021

Malacanang, NEDA, IATF officials, knew this yesterday. Possible it's the main reason why they annnunced yesterday to relax the lockdown from MECQ to GCQ despite 22.4k cases yesterday. Things are worsening, not improving in the econ. Sustained lockdown means continued supply disruption as people mobility -- farmers, fisherfolks, manufacturers, wholesalers, retailers, etc -- remained restricted and politicized (My tractor caretaker told me that it's difficult to buy spare parts in other towns bec of various checkpoints). And prices go up.

This morning, another twist:

Metro Manila under GCQ ‘with heightened restrictions,’ MMDA clarifies
By: Krissy Aguilar / 08:53 AM September 07, 2021 
https://newsinfo.inquirer.net/1484397/metro-manila-under-gcq-with-heightened-restrictions-mmda-clarifies

Haayyy naku.

Meanwhile as of today, four other East Asian countries have announced their August 2021 inflation rates. None of them have 4% or higher.

https://tradingeconomics.com/country-list/inflation-rate

Comments

Popular posts from this blog

Surviving Covid, the story of Mari and Enchang Kaimo

Dr. Romy Quijano on vaccine and IVM (part 2)

Vax injuries, some testimonies and news reports