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File photo MANILA - President Ferdinand R. Marcos Jr. on Tuesday expressed optimism that the drop in the prices of fuel and imported agricultural products would help tame inflation. This, after the country's headline inflation rate in January 2023 ticked up to 8.7 percent from 8.1 percent in December 2022, according to the Philippine Statistics Authority (PSA) report. While Marcos viewed the latest development as "unfortunate," he remained bullish that the prices of commodities would go down, considering the sliding prices of petroleum products and his administration's efforts to boost the supply of agricultural products. "As of now, with fuel prices going down and the prices of [agricultural] products with the importation slowly also going down, I think that we will see the effects on the inflation rate further down the road. And I sincerely believe that this is going to be as high as it's going to get," he said. Marcos, however, acknowledged that the m

Ferdinandr marcos jrBangko sentralArsenio balisaanInternational monetary fundNational economicPhilippine statistics authorityDevelopment authorityPhilippine development planPlanning secretary arsenio balisaanEconomic outlook updateFile photo manila president ferdinandr marcos jr on tuesday expressed optimism that the drop in prices of fuel and imported agricultural products would help tame inflation thisFter the country 39s headline inflation rate in january 2023 ticked up to 8 7 percent from 1 december 2022Ccording to the philippine statistics authority psa report while marcos viewed latest development as quot unfortunateUot he remained bullish that the prices of commodities would go downOnsidering the sliding prices of petroleum products and his administration 39s efforts to boost supply agricultural quot as nowIth fuel prices going down and the of agricultural products with importation slowly also