THE RIGHT MOVE Rikki Mathay Last month’s recorded inflation of 8.7 percent alongside the constant price hikes on basic commodities have been in the headlines of news nearly everyday – from price hikes in agricultural products including onions, fish, flour, to canned goods and even batteries....
Metro Manila Council (MMC) President and San Juan City Mayor Francis Zamora on Friday, Feb. 10, said that the MMC will immediately convene to tackle the increasing number of traders and vendors who are not following the suggested retail prices (SRP) on various goods and commodities issued by the...
A VENDOR sells fresh fish in Iloilo City. The inflation rate in Western Visayas has eased after 10 months due to lower food and non-alcoholic beverage prices. (Tara Yap) ILOILO CITY – What goes up must come down. The inflation rate in Western Visayas eased 0.2 percent after 10 straight months of...
The Department of Finance (DOF) said the significant improvement in the country’s labor market would help soften the impacts of high inflation on the domestic economy. In a statement, Finance Secretary Benjamin E. Diokno said the steady unemployment rate and lower underemployment rate will help...
Senate Minority Leader Aquilino “Koko” Pimentel III on Wednesday, February 8, called on the country’s economic managers to tame the rising inflation in the country which peaked at 8.7 percent in January 2023, an all-time high since November 2008. Pimentel expressed dismay at the economic...
House Ways and Means chair and Albay 2nd district Rep. Joey Salceda on Tuesday, Feb. 7, warned that prices of fish and eggs will “remain elevated” throughout the year although he assured that inflation from February onwards will be lower compared to January. Eggs and fish (Pixabay/MANILA...
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...
