Asked about the 6.4 percent inflation rate in August, Panelo on Sept. 7 told CNN Philippines’ Cherie Mercado the figure is wrong and partly blamed the media. He said:
Panelo confused the year-on-year inflation rate which indeed surged 6.4 percent in August, with the 4.8 percent year-to-date inflation rate.
VERA FILES FACT CHECK: Panelo mixes up inflation figures
['None']