As August inflation rises to its fastest rate since January 2019, Senator Francis Pangilinan urged the proper implementation of Sagip Saka Act, which he said is one of the ways that could help stabilize food prices especially amid the prevalence of the pandemic. “With the rise in prices, the...
Consumer prices quickened at a much faster pace last month due to costlier food items. Vegetable seller The Philippine Statistics Authority (PSA) reported Tuesday, Sept. 7, that headline inflation clocked in at 4.9 percent in August, faster than the 4.0 percent seen in the previous month and 2.4...
The National Economic and Development Authority (NEDA) said the government is ensuring stable and affordable food prices amid the implementation of the enhanced community quarantine (ECQ) in Metro Manila and stricter quarantines throughout the country. Screen Shot 2021-08-06 at 1.42.20 PM In a...
Consumer prices rose at a slower pace last month, sliding back within the government’s target range for the first time this year, owing to easing price hikes for transportation, the Philippine Statistics Authority (PSA) reported. National Statistician Claire Dennis Mapa said Thursday, August 5,...
Results of the central bank’s survey of private sector economists showed a lower 4.1 percent mean inflation forecast for 2021, down from its previous (March) survey of 4.3 percent. “Analysts expect inflation to gradually move towards the government’s target range in 2021, with risks to...
The Department of Finance (DOF) expects the elevated rate of increase in food prices would peak this month due to rising volume of meat imports that boosted domestic supply. In a statement on Wednesday, July 14, Finance Undersecretary and Chief Economist Gil S. Beltran said that food price...
First, the good news: Inflation slowed to 4.1 percent in June. This is lower than the inflation rate of 4.5 percent in March, April and May, but quicker compared with 2.5 percent in June 2020. The Bangko Sentral ng Pilipinas, whose primary goal is to ensure monetary stability, is cautiously...
Consumer prices rose at a slow pace in June brought about by moderate rise in transport cost, the Philippine Statistics Authority (PSA) reported. After the rate of increase in consumer prices rose at a steady pace for three straight months, the country’s headline inflation went down to 4.1...
Consumer prices rose at a slower pace in June brought about by moderate upward price movement of transportation services, the Philippine Statistics Authority reported on Tuesday, July 6. The country’s headline inflation slowed to 4.1 percent last month from 4.5 percent in May. The June figure was...
The Department of Finance (DOF) is "strongly objecting" to the appeals for President Duterte to recall his executive order (EO) that reduced the tariffs of imported rice, saying its benefits would outweigh the revenues that the government will lose. (Mark Balmores/MANILA BULLETIN File Photo) The...
The Department of Finance (DOF) estimated that the rate of increase in consumer prices, which has been stuck at higher levels for three consecutive months, would decline for the first time in June amid diminishing low-base effect. Finance Undersecretary and Chief Economist Gil S. Beltran said on...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Friday that risks to the inflation outlook remains “broadly balanced” but also crucial for inflation control that there is enough meat in the coming months. “(The) projected decline of inflation depends crucially on the timely...
