“Inflation is "not due to any local factors; it's really about the exchange rate.”
What Vera Files found
Sonny Africa, executive director of IBON Foundation, told VERA Files Fact Check in an email that while rising global prices of food and the depreciation of the peso, driven by interest rate hikes in the United States, are indeed immediate inflation factors, the government has “direct control over factors like the excise and value added taxes it puts on goods and services consumed or, like fuel, used to produce other goods and services.”
Their words, from the summary they publish with the rating.
In short
Trixie Cruz-Angeles made this claim around 27 September 2022. Vera Files (Philippines) looked into it and published its finding on 4 October 2022, 7 days later. Its rating was “Misleading”.
Trixie Cruz-Angeles has 8 checked claims in this archive. Fact-checking organisations rated 2 of them false or fake, 6 misleading or mixed and 0 true.
Where the claim appeared
- YouTube videohttps://youtu.be/uF_Mlbqb69Q?t=392
Links recorded by Vera Files. Some posts may have been deleted since.
This check was done by Vera Files, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.