President Ferdinand "Bongbong" Marcos Jr. has labeled as "unfortunate" the surging inflation rate of the country which rose to 8.7 percent in January. Marcos, however, believes that amid the rise of the inflation rate from 8.1 percent in December last year, it will go down by the second quarter of...
Increase in consumer prices further accelerated in January, defying all expectations that it had peaked last December, as food prices remained elevated coupled with costlier utilities and housing rentals, the Philippine Statistics (PSA) reported. Headline inflation accelerated further to 8.7...
The Bangko Sentral ng Pilipinas (BSP) said on Tuesday, Jan. 31, that inflation for the month of January may be lower at 7.5 percent from December’s actual 8.1 percent, or higher at 8.3 percent because of costlier power rates during the period. “The BSP projects January 2023 inflation to settle...
The Philippine Statistics Authority’s announcement that the country achieved a 7.6 percent growth in gross domestic product (GDP) in 2022 affirms that, despite high inflation rates, the economy is on track in regaining its pre-Covid pandemic footing. This improves on the 5.7 percent growth in...
President Ferdinand "Bongbong" Marcos Jr. said he is losing sleep over the country's inflation rate, stressing that he is determined to bring it down. President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalete/ MANILA BULLETIN) "This year talaga yun ang, yun ang... Iyan ang problema kong hindi – na...
by RALPH LAUREN ABAINZA From stews to salads, onion is a staple ingredient in many Filipino dishes. It is no wonder that the exponential increase in the price of onions in the past few months is a heated national issue. Photo: Goh Rhy Yan/Unsplash Due to a variety of factors, like the series of...
DAVAO CITY – The Davao region logged a 9.7 percent inflation rate last November, the highest among the 17 regions in the country. A report released by the Philippine Statistics Authority (PSA)-Davao on Sunday, Jan. 8, said the region’s inflation rate slightly improved compared to the 9.8...
The higher inflation rate recorded in December calls for an improved production of agricultural products in the country, President Ferdinand "Bongbong" Marcos Jr. said. President Ferdinand "Bongbong" Marcos Jr. An inflation rate of 8.1 percent was recorded in December, 2022, which is .1 percent...
Albay 2nd district Rep. Joey Salceda would rather look a the bright side amid the Philippines' rather depressing 8.1 percent inflation rate for December 2022, which pushes the whole year average to 5.8 percent. Albay 2nd district Rep. Joey Salceda (Facebook) “There is good reason to believe that...
Consumer prices quickened even further in December, driven mainly by faster increases in food prices particularly vegetables during the holidays that brought the country’s full-year inflation rate way beyond the government’s target, data from the Philippine Statistics Authority (PSA) showed. In...
The Department of Finance (DOF) said the government can now better manage the skyrocketing consumer prices following President Marcos’ order extending the reduced import duties on key commodities. In a statement, Finance Secretary Benjamin E. Diokno welcomed the extension of the low Most Favoured...
The outdated representation and transportation allowance (RATA) and per diem rates of local government unit (LGUs) officials need to be revised. Albay 2nd district Rep. Joey Salceda (Facebook) Thus, said Albay 2nd district Rep. Joey Salceda, who directed the request to the Department of Budget and...
