By JOHN CARLO M. CAHINHINAN
ANTIPOLO CITY – Administration senatorial bet Francis Tolentino on Tuesday warned that the impending full-blown El Niño may affect the current inflation slowdown in the country.
In an ambush interview following Hugpong ng Pagbabago’s (HNP) proclamation rally in Antipolo City, Tolentino stressed that the 3.8 inflation drop registered last February might be affected if the severe drought finally take in effect starting this month.
The former mayor of Tagaytay City explained that last year’s record-high inflation was brought by supply shortage especially when it comes to local supply of rice.
Tolentino said the impending effects of El Niño will surely affect the local supply of various goods and other basic necessities.
“Food inflation that started all of these from Zamboanga nawala ng bigas. It’s good ito ang ang inaaral ko, (kung) ano ang epekto ng El Niño,” said Tolentino.
He added that El Niño will also likely to have an effect on energy, especially that the dry season is already approaching.
He stressed that low water levels on various dams may lead to power blackouts which will surely affect industries especially in the manufacturing sector.
“Kapag brownout na may epekto na rin yan,” he said.