The rate in consumer prices accelerated further in December 2020, driven by higher costs of food items, transportation as well as other goods and services, data from the Philippine Statistics Authority showed. (MANILA BULLETIN FILE PHOTO) The country’s headline inflation clocked in at 3.5...
The Bangko Sentral ng Pilipinas (BSP) said the December inflation could be a low of 2.9 percent from November’s high of 3.3 percent, or it could move up more to 3.7 percent due to higher prices of some food. “Higher prices of domestic petroleum products and key agricultural items...
The Bangko Sentral ng Pilipinas (BSP) has set the two-four percent inflation rate target for 2023 until 2024, the same goal range for 2021 and 2022, indicating stable consumer goods prices, as the economy, currently in recession, recovers from COVID-19 pandemic. “For 2023 to 2024, inflation would...
Consumer advocacy group Laban Konsyumer Inc. (LKI) warned against higher inflation this month considering the unabated increases in prices of basic necessities especially agricultural and marine products to the detriment of consumers....
The inflation rate for November of 3.3 percent, which was higher than the Bangko Sentral ng Pilipinas’ (BSP) 2.4 percent to 3.2 percent forecast for the month, is a temporary uptick and would not affect the government’s two-four percent target, said BSP Governor Benjamin E. Diokno....
NEDA cites effects of typhoons, restrictions on public transport The rate of increase in consumer prices in November quickened to its fastest pace in nearly two years due to recent typhoons as well as government restrictions on public transport, the National Economic and Development Authority...
Focuses on non-inflationary growth Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno is ensuring a smooth normalization process as the Philippine shifts to the pandemic-induced “New Economy”, balancing money and credit growth, fiscal stimulus, low interest rates in a...
The rate of increase in consumer prices quickened last month due to higher food prices, the Philippine Statistics Authority (PSA) announced. A vegetable seller tends to a client at Paco Market. (ALI VICOY / MANILA BULLETIN FILE PHOTO) The country’s headline inflation clocked in at 2.5 percent in...
In 2020-2022 (MANILA BULLETIN FILE PHOTO) The central bank’s September survey of private sector economists’ inflation expectations showed slightly higher mean inflation forecasts for 2020 and 2022 compared to the June survey. Based on the Private Sector Economists’ Inflation Forecasts,...
The rate of increase in consumer prices softened to a four-month low in September due to cheaper food items, data from the Philippine Statistics Authority (PSA) showed on Tuesday. (MANILA BULLETIN FILE PHOTO) The country’s headline inflation ticked in at 2.3 percent last month, slower compared...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said inflation in September could be lower at 2.2 percent, lower than August’s actual 2.4 percent rate. According to Diokno, the BSP’s Department of Economic Research (DER) has projected range of a low of 1.8 percent for September...
