By Genalyn Kabiling The government expects a “stable” inflation rate in the medium term that will benefit consumers in the country, Presidential Communications Secretary Martin Andanar said Tuesday. Presidential Communications Secretary Martin Andanar (PCOO / FACEBOOK / MANILA BULLETIN) Andanar made the remark after welcoming reports that the country’s inflation slowed down to a record of 0.8 percent in October. “This inflation slowdown will greatly benefit the Filipino consumers,” Andanar said. “With the continuity in the employment of the Dutertenomics, anchored on the 10-point agenda, we anticipate a stable inflation rate over the medium term. This will have a favorable environment in boosting the Philippines' economic performance,” he added. Andanar said the inflation slowdown was made possible by the administration’s political will and sound economic policies. “The 0.8% inflation rate in October 2019 is the slowest pace recorded since May 2016. As this is a huge decrease from the 6.7% recorded in October of last year,” he said. “The latest inflation figure is an accomplishment reflective of the commendable macroeconomic policies and political will being adopted and employed by the Duterte Administration,” he added. The country’s inflation continued to ease to 0.8 percent in October 2019, the lowest rate in three and a half years, according to the Philippine Statistics Authority (PSA). The government is hoping the full-year inflation of 2019 to settle within the government's target of 2.0 to 4.0 percent amid the downtrend of inflation in recent months.