Price hikes stoke public anger in Philippines

Food vendors in Manila. Philippine government figures show prices of rice, corn, fish, alcohol, tobacco and fuel have risen.
Food vendors in Manila. Philippine government figures show prices of rice, corn, fish, alcohol, tobacco and fuel have risen.PHOTO: AGENCE FRANCE-PRESSE

Clamour for govt to roll back tax reform law as inflation rises to five-year high of 4.6%

Filipinos are reeling from soaring prices and anger is being aimed at the government, which refuses to roll back a tax reform law being blamed for the spike in costs.

Inflation, which measures price movements, rose to a five-year high of 4.6 per cent last month, above the government's forecast average of 3.9 per cent for the year.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on June 13, 2018, with the headline 'Price hikes stoke public anger in Philippines'. Print Edition | Subscribe