On November 4, Radio and TV personalities DJ Chacha and Lourd De Veyra voiced their opinion on the reports confirming the 7.7% inflation rate in the Philippines for October 2022.
During their Radyo Singko program, DJ Chacha reported the 7.7% inflation rate with advice about getting creative to save up.
“Pero totoo ‘yun no, we have to be creative. Ang inflation rate ay 7.7% ngayong Oktubre. Kaya po sa aming mga kapatid na nakikinig, wag na po kayong magtaka kapag punta kayo ng–pumunta kayo ng last week sa grocery, tapos pagbalik ninyo ngayon, ‘Ha? ‘Yan na ‘yung presyo?'”
She then detailed her family’s experience with the increasing cost of necessities, comparing it to ‘gold.’
“Nakakaloka talaga minsan. Sabi nga ng nanay ko ngayon pag namamalengke, presyo ngayon ng gulay, ginto. Talagang Golden Era, welcome to the Golden Era. Hindi lahat kasi nagtataasan kasi.”
De Veyra responded by saying, “Alam mo Cha, dapat nagkakaisa tayo, unity.”
Their reactions toward the inflation rate trended on social media.
Former Pinoy Big Brother housemate Justin Dizon quoted the tweet with a caption of his reaction.
PLEASE LANG HAHAHAHA https://t.co/uQjW5Q2eSq
— Justin Dizon (@iamjustindizon) November 4, 2022
Fellow DJ Tin Gamboa laughed off DJ Chacha’s reaction.
https://twitter.com/suzy899/status/1588386854671642624
Other personalities also shared their reaction regarding the 7.7% inflation rate.
Columnist-economist-professor JC Punongbayan cited that 7.7% was the highest inflation rate in the Philippines in the past 14 years.
Oh my lord. This is the highest inflation rate in nearly 14 years. https://t.co/9YYx2qIQR5
— JC Punongbayan, PhD (@jcpunongbayan) November 4, 2022
The last sentence really reads, "Sana umaksiyon na kontra inflation ang ibang ahensiya ng gobyerno (tulad ng DA?). Di namin kaya ito nang kami lang." https://t.co/2nOSUo9HuT
— JC Punongbayan, PhD (@jcpunongbayan) November 4, 2022
GRABE. https://t.co/ZOLMSS02ie
— JC Punongbayan, PhD (@jcpunongbayan) November 4, 2022
GMA News anchor-reporter Bernadette Reyes tweeted the comparison of the inflation rate from September to October.
inflation rate was higher at 7.7 percent percent in october 2022 vs 6.9 percent in september 2022 @gmanews pic.twitter.com/77HH5qFVPn
— Bernadette Reyes (@bernadettereyes) November 4, 2022
Drag Race Philippines contestant Prince Marell retweeted the report about the inflation rate with the caption, “Unity.”
https://twitter.com/princemarell/status/1588355736165552131
Katips Director Vince Tañada, on the other hand, clarified misconceptions about the inflation rate in other countries.
Tumataas din daw ang inflation sa iba't ibang bansa hindi lang sa Pilipinas. Pero ang totoo bumaba ang inflation sa US, China, Canada,Puerto Rico,Spain, Switzerland,Japan,Taiwan,Malaysia, Thailand,Indonesia,Cambodia, Kuwait,Aruba,Peru,Dominican Republic, Bangladesh,Jamaica,more
— Vince Tanada (@VinceTanada) November 4, 2022
According to reports, the October 2022 inflation rate showed a 0.8% increase to 7.7% from September 2022, which had 6.9%.
According to experts, the inflation rate was due to the increasing costs of goods such as food and petroleum.
According to the data from the Philippines Statistics Authority, the last time the inflation rate went beyond 7.5% was in December 2008, wherein the country’s inflation rate reached 7.8%.
