NEDA: Fare hike could add .3 ppt to inflation
A peso increase in transport fares could add 0.3 percentage point to inflation, NEDA Undersecretary Rosemarie G. Edillon told the House fuel ad hoc committee hearing.
Edillon said economic managers are studying potential inflation triggers such as interest rate hikes.
Rep. Sharon Garin asked about the impact of a P1 fare increase on basic needs like pork and other essentials.
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