Economic managers and Malacañang attributed the decline in inflation rate in August 2020 to the stable prices of basic commodities, despite the basket of selected goods and services dropped to 2.4% from 2.7% in the previous month, according to the Philippine Statistics Authority (PSA).

Agriculture Secretary William Dar said, “this shows that the ‘whole of nation approach’ advocated by President Rodrigo Roa Duterte is really working and effective in attaining desired results.”