ILOILO CITY -- For five consecutive months, the prices of basic goods in Western Visayas kept increasing as the inflation rate jumped to 7.5 percent in September 2022. The Philippine Statistics Authority (PSA) recorded an increase of 0.1 percent from the 7.4 percent inflation rate recorded in...
FINDING ANSWERS Former Senator Atty. Joey Lina More than anything else, Filipinos are most bothered by the soaring prices of food and other basic goods. That inflation pushed by costlier food items, which account for around one third of total expenditures of many households, is especially worrisome...
House Speaker Martin Romualdez has assured Filipinos that the Marcos administration has been taking steps to mitigate the problem of inflation in the country. House Speaker Martin Romualdez (Speaker's office) In a statement on Friday, Oct. 7, Romualdez noted that the uptick in inflation could be...
Amid rising inflation rates, Makati City 2nd district Rep. Luis Campos Jr. is prodding the Bangko Sentral ng Pilipinas (BSP) to retain the current limit on credit card interest rates. READ: https://mb.com.ph/2022/10/05/inflation-quickens-to-6-9-in-sept/ “We want the BSP to keep credit card...
Consumers prices continued to climb at the fastest pace in nearly four years to 6,9 percent in September on the back of rising food and energy costs, the Philippine Statistics Authority (PSA) reported on Wednesday, Oct. 5. Headline inflation clocked in at 6.9 percent last month, higher than the 6.3...
SPEAKING OUT Ignacio R. Bunye The galloping inflation has been very much in the news because of the very negative effects on almost everybody especially the ordinary Juan and Maria. Inflation has forced the US Fed and other central banks to increase their benchmark interest rates making it more...
Philippine real estate looks to decouple if history repeats HOMEFRONT Column by Victor Consunji , founder and CEO of Victor Consunji Development Corporation (VCDC) Earlier this week, the Federal Reserve has again increased its overnight benchmark interest rate by another 75 basis...
The Asian Development Bank (ADB) said the rate of increase in consumer prices in the country would move at a much faster pace this year owing to acceleration of global energy and commodity prices. Based on the Asian Development Outlook 2022 Update on Wednesday, Sept. 21, the Manila-based...
Amid the 6.1 percent inflation rate reported for the month of June, President Ferdinand Marcos Jr. believes the country has "done all right" in terms of monetary policy. The President made the pronouncement in an interview aired on All TV, where he also blamed the "imported inflation" to be the...
Despite the slight slowdown in the country’s inflation rate, House Senior Deputy Minority Leader and Northern Samar 1st District Rep. Paul Daza warned the public against expecting prices of commodities to also decrease. Northern Samar Rep. Paul Daza (left) and Albay Rep. Joey Salceda (right)...
The Philippines Statistics Authority (PSA) has recorded marked increases in the retail prices of key agricultural commodities in the first few days of June alone. Based on the PSA report released on Wednesday, Aug. 31 on Price Situationer of Selected Agricultural Commodities First Phase of June...
House Ways and Means chairman and Albay 2nd district Rep. Joey Salceda says that there is about P180 billion in non-tax options available to President Ferdinand “Bongbong” Marcos Jr. and his administration to counter inflation. Albay Rep. Joey Salceda (Photo from Salceda’s Facebook page)...
