The country registered a slowdown in consumer price inflation in October, but the persistent struggle with high living costs remains a pressing concern for many Filipino consumers. The Philippine Statistics Authority (PSA) reported on Tuesday, Nov. 7, that the inflation rate eased to 4.9 percent,...
Liquefied petroleum gas (LPG) prices have gone up again in November, marking the fourth straight month of increases. Regasco, Petron, and Solane, leading players in the industry, have all announced higher prices for their LPG products. Regasco raised its LPG prices by P0.50 per kilo, while...
The pace of price increases at retail stores in Metro Manila slowed in September, the Philippine Statistics Authority (PSA) reported. Prices in the National Capital Region (NCR), as measured by the general retail price index (GRPI), increased by 3.6 percent year-on-year, down from 3.9 percent in...
The Department of Finance (DOF) said the Marcos administration is fully committed to implementing the necessary policy measures and programs to tackle the surge in consumer prices. In a statement, Finance Secretary Benjamin E. Diokno said that with the consumer price rate reaching a significant 6.1...
Consumer prices surged last month due to the steep rise in food prices, particularly rice, and the spike in transportation costs caused by higher fuel prices, the Philippine Statistics Authority (PSA) reported. In a briefing, National Statistician Claire Dennis S. Mapa said that headline inflation...
Senator Francis “Tol” Tolentino urged businesses on Saturday, Sept. 16 to be more considerate to consumers when it votes to pricing their products, especially this Christmas season. In a statement, Tolentino said that this can be done by avoiding steep product pricing. “Ang...
The government's chief economic manager said the Marcos administration's inflation assumption for the year is still feasible despite the rise in consumer prices last month. In a statement, Finance Secretary Benjamin E. Diokno said the government is determined to minimize the impact of inflation and...
The rate of increase in consumer prices accelerated for the first time in six months in August, driven by higher food and transport costs, the Philippine Statistics Authority (PSA) reported. In a briefing on Tuesday, Sept. 5, National Statistician Dennis S. Mapa said that the headline inflation...
Trade and Industry (DTI) Secretary Alfredo E. Pascual ordered Friday, June 6, a price freeze on basic goods in Albay following the declaration of a state of calamity in the province due to the continued unrest of Mayon Volcano. "Through DTI's provincial office in Albay, I have ordered a price freeze...
An expansive range of stakeholders from the Central Visayas business community expressed “strong opposition” on the proposed P150 daily minimum wage hike, warning of an “inflationary effect” once such measure by the legislative branch is passed into law. A joint statement from Central...
Trade and Industry Secretary Alfredo E. Pascual said that based on the agency’s market monitoring, supplies of basic goods in the groceries are enough for the next 2-4 weeks. Pascual made this assurance after meeting with manufacturers of basic necessities and prime commodities (BNPCs) as...
Consumers in Southeast Asia, including the Philippines, are adopting new trends in shopping and preferences as they emerged more perceptive post-pandemic, according to a new study. A study Trendipedia 2023 by Tetra Pak, a world-leading processing and packaging solutions company, monitors changes...
