DoF: Govt reined in inflation in 11 months

THE Duterte administration did better than its predecessors in reining in upward price pressures to the country’s inflation rate, the Department of Finance (DoF) claimed on Monday.

In a statement, the Finance department quoted Undersecretary Gil Beltran as saying the current administration took only 11 months to tame elevated inflation rates to below 4 percent — the fastest in almost two decades — unlike previous ones, which took longer.