Expensive tomatoes and pork pushed the rate of increase in prices of basic goods and services to 2.9 percent in January, the Philippine Statistics Authority (PSA) reported on Wednesday, Jan. 5. Last month's headline inflation matched the same rate as December 2024 but inched up from 2.8 percent in...
Private-sector economists polled by Manila Bulletin are expecting the Philippine central bank to continue reducing key interest rates during the upcoming monetary policy meeting as majority of expectations leaned towards inflation slowing slightly in January. Economists monitoring the economic...
ILOILO CITY – This city had the second highest inflation rate in the country last December but a bank executive sees this as a sign of the growth and development here. EASTWEST CEO Jerry Ngo (right) and Chief Investment Officer Bede Gomez speak during an economic briefing in Iloilo...
DAVAO CITY – The Bangsamoro Autonomous Region in Muslim Mindanao logged a 1.3 percent inflation rate in December 2024, the second lowest in the country, the Philippine Statistics Authority said. FRESHWATER fish sold on the side of the highway in Pagalungan, Maguindanao del Sur. (Keith Bacongco)...
ILOILO CITY – This city logged the second highest inflation rate in the country last month with 5.4 percent. The Philippine Statistics Authority said Iloilo City is next to Cagayan, with 5.7 percent, among 100 provinces and highly urbanized cities with high inflation rate in December. A VIEW...
ILOILO CITY – The inflation rate in Western Visayas went up by 0.2 percent from 3.2 percent in November to 3.4 percent in December. PEOPLE buy goods in a market in Jaro, Iloilo City. (Tara Yap) “The uptrend in the Western Visayas inflation rate in December 2024 was mainly due to the faster...
Consumer prices in December accelerated for the third consecutive month, but a sharp decline in rice prices helped ease the impact, particularly on poor households, with rice inflation slowing to its lowest level in three years. Data from the Philippine Statistics Authority (PSA) revealed that the...
With inflation within the target range for 2024 and projected to remain so in 2025, economists polled by the Manila Bulletin expect the Bangko Sentral ng Pilipinas (BSP) to continue reducing key borrowing costs this year. Despite headline inflation rates increasing incrementally month-on-month,...
Despite potential price increases in some sectors, the Bangko Sentral ng Pilipinas (BSP) anticipates that the rate of increase in consumer prices will remain controlled and within the desired range this month. In a statement on Friday, Dec. 27, the central bank projected that December 2024...
The Asian Development Bank (ADB) has lowered its inflation forecast for the Philippines due to moderating price pressures, particularly in food and core inflation. In its latest Asian Development Outlook (ADO) report, the Manila-based multilateral institution revised its inflation forecast for the...
ILOILO CITY — The Inflation rate in Western Visayas region dropped to 3.2 percent in November. A market stall in Iloilo City. (Tara Yap) The Philippine Statistics Authority-6 reported that the inflation rate decreased by 0.7 percent from 3.9 percent in October. “The deceleration in the...
House Speaker Martin Romualdez (Speaker’s office) The House of Representatives, through the vaunted quinta-commiittee (quinta-comm), won't hold treat anyone as sacred cows in its bid to stop the practice of price manipulation of basic goods....
