Inflation rate for the month of May is projected to remain steady at 4.5 percent, same rate in April and March, said economist Robert Dan Roces of Security Bank Corp. Roces expects a range of a low 4.3 percent to a high of 4.7 percent for the May consumer price index. “We expect that...
The country's tariff rates on imported rice and pork products will be adjusted for a year in a bid to boost food supply and keep prices affordable, Malacañang announced Saturday. President Rodrigo Duterte skims through a document as he presides over a meeting with the Inter-Agency Task Force on...
The Department of Finance (DOF) expects non-food inflation to continue inching up in the coming months due to base effects from record low prices of petroleum products last year. In the latest DOF economic bulletin, Finance Undersecretary Gil S. Beltran noted that non-food price inflation went up...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said inflation expectations remain well-anchored to the two-four percent BSP target despite above four-percent inflation since January. Diokno, quoting the central bank's Department of Economic Research (DER) on the 4.5 percent April...
The rate of increase in consumer prices remained flat but above the government’s target for four consecutive months in April as food items, particularly pricey pork products, continued to drive inflation. The Philippine Statistics Authority (PSA) reported on Wednesday, May 5, that headline...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said inflation for the month of April could go as high as five percent from 4.5 percent in March, but could also be a low of 4.2 percent based on downside pressures. The BSP’s forecast range of 4.2 percent to 5.0 percent for...
Private sector economists raised its 2021 mean inflation forecast from 3.9 percent in February to 4.3 percent in March due to oil price movements, based on the Bangko Sentral ng Pilipinas (BSP) latest survey. The same analysts also revised higher its 2022 mean inflation forecast to 3.1...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Tuesday, (April 6) reiterated his call for government’s timely interventions to prevent the spillovers of inflation supply side pressures to higher transport costs. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB...
The rate of increase in consumer prices softened in March this year after five consecutive months of acceleration, the Philippine Statistics Authority (PSA) reported on Tuesday, April 6. Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua The country’s headline inflation slowed from 4.7...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Wednesday that March inflation may have come down to 4.6 percent from 4.7 percent in February with government’s non-BSP actions and improved supply conditions. The 4.6 percent is BSP’s point inflation projection while its...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the government’s non-monetary measures such as reducing import tariff on pork may pull the inflation forecast lower to below four percent this year. Last week, the Monetary Board raised the average inflation forecast for 2021 to...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday that the inflation rate will reach its peak in the second quarter months of April to June and that so far, there is limited evidence of second-round effects. A vegetable seller tends to a client at Paco Market. A vegetable...
