Press Release - Bong Go calls for strengthening gov't interventions to help the poor amid rising inflation

Senator Christopher "Bong" Go has urged the government to implement more interventions and aid for the poor to address the escalating impact of inflation on the country's most vulnerable populations. This comes from recent statistics indicating a rise in the inflation rate, which has disproportionately affected low-income families.

"In these challenging times, it is imperative that we do not neglect the needs of our poorest kababayans. The recent inflation report is a stark reminder that more needs to be done to cushion the impact on those who are most vulnerable," Go stated.

He emphasized the importance of providing substantial support and relief to ensure no Filipino is left behind in the nation's path to recovery.

According to the Philippine Statistics Authority, on Tuesday, March 5, the country saw inflation rates accelerate to 3.4% in February, up from 2.8% in January. While the rate is within the forecast range of the Bangko Sentral ng Pilipinas, it is still a cause for concern among economic analysts and policymakers.

The price surge has been attributed mainly to increases in the cost of food and non-alcoholic beverages, transport, and housing utilities.

To further alleviate the financial strain on Filipino families, Go recently co-authored and co-sponsored Senate Bill No. 2534, which aims to raise the daily minimum wage by P100 across the country. The measure was approved on the third and final reading in the Senate on February 19 but is still pending in the Lower House.

"A significant wage increase is necessary to help our workers cope with the rising cost of living. It's about ensuring that our people can provide for their families without undue hardship," he explained.

The legislation seeks to offer a fair and enduring approach to addressing wage disparities nationwide. It also seeks to comply with the constitutional mandate to enhance the living standards of the average Filipino, with a particular focus on those in the working class.

In addition to economic measures, Go highlighted the role of Malasakit Centers in easing the financial strains on families. Established to streamline access to medical and financial assistance from various government