Palace: High Inflation ‘now a thing of the past’

MANILA, Philippines --- Malacaang is "pleased" with the 2.7 percent inflation rate in the country as it touted the measures the administration has implemented to tame the soaring prices of goods. "We are very pleased with the inflation rate because we have slayed the soaring inflation rate. It's now a thing of the past," Presidential Spokesperson Salvador Panelo told reporters in Malacaang. "We credit the economic managers for doing their jobs splendidly well, and we also credit the lawmakers of the past Congress for passing the law that stopped it," he added, citing the government's tax reform laws. Despite being blamed for the high prices of goods, the Tax Reform for Accelerat...

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