Consumer should brace themselves for further acceleration in prices as the Philippines continues to face inflationary pressures from both food and non-food items, the Department of Finance (DOF) said. Finance Chief Economist Gil S. Beltran said effects of the African swine fever (ASF) continues to...
Targeted relief interventions would better help cushion the impact of inflationary pressures arising from the Russia-Ukraine crisis, the National Economic and Development and Development (NEDA) said. While calls to increase wages and fares to help minimum wage workers and public transport operators...
Presidential aspirant Vice President Leni Robredo on Thursday, March 10, proposed a review of the country’s minimum wage, which has not moved since 2019, to “cushion” the blow of the rising fuel prices arising from Russia’s invasion of Ukraine. Vice President Leni Robredo (VPLR Media...
Consumer prices remained steady at 3.0 percent in February due to slower inflation for food items, but economists warned that the uptick will likely accelerate in the coming months on skyrocketing oil prices as war continues to rage in Ukraine. The Philippine Statistics Authority reported on...
Senator Francis Tolentino on Monday said the country must brace for the economic impact of the Ukraine-Russia crisis by beefing up current measures. According to Tolentino, the National Economic and Development Authority (NEDA) and the National Security Council (NSC) should come up with a game plan...
Former vice president and senatorial aspirant Jejomar Binay proposed on Monday, Feb. 28, several measures to mitigate the impact of higher fuel prices and inflation in the event of a prolonged conflict in Europe after Russia launched an attack against Ukraine on Feb. 24. Russia, considered as the...
The deceleration in price increases last January was a welcome development, but the Department of Finance (DOF) warned that the economy should still keep a close watch on oil price movements. In a research note, Finance Chief Economist Gil S. Beltran said on Thursday, Feb. 17, that headline...
Senatorial aspirant and former Quezon City mayor Herbert Bautista on Sunday called on the national government to revise its Pantawid Pamilyang Pilipino Program or 4Ps in a bid to protect poor Filipino families from increasing prices of food. He made the appeal after data from the National Economic...
Consumer prices rose at a slower pace in January brought about by milder costs of household utilities as well as restaurants and accommodation services. The Philippine Statistics Authority (PSA) reported on Friday, Feb. 4., that the headline inflation went down to 3.0 percent in January 2022 from...
The Department of Finance (DOF) expects inflation to gradually trend downward in the coming months as the government implements programs aimed at mitigating food supply concerns. Finance Undersecretary and Chief Economist, Gil S. Beltran, said the further deceleration of inflation to 3.65 percent...
The Department of Finance believes the Philippines should continue to import pork as the local hog industry has yet to recover from the African swine (ASF) outbreak. Finance Undersecretary and Chief Economist Gil S. Beltran said on Thursday, Jan. 13, that the country “definitely” needs to...
Consumer prices last year rose at a much faster pace than government had predicted even as inflation eased to its lowest monthly rate in December, data from the Philippine Statistics Authority (PSA) showed. The country’s headline inflation clocked in at 3.6 percent last month, the lowest posted...
