By Derco Rosal Amid consensus expectations that inflation slid in September, the majority of economists polled by Manila Bulletin are looking forward to the Bangko Sentral ng Pilipinas' (BSP) decision to further reduce interest rates during its upcoming monetary policy meeting on Oct 16. Following...
The rate of increase in consumer prices likely slowed to its lowest level since October 2020, with forecasts indicating a decline to 2.5 percent for September, from 3.3 percent in August. Stefan Angrick, Moody’s Analytics senior economist, explained that the significant decrease in inflation is...
Inflation likely further slid to 2.9 percent in September as oil and rice price hikes eased, according to Dutch financial giant ING. "The Philippines' small decline in rice prices in September and lower transport fuel prices will have been offset by increases in fruits and vegetables and some other...
Inflation in the Philippines is expected by the Asian Development Bank (ADB) to further ease as reduced import tariffs on staple rice and other food products spill over to domestic retail prices, boosting consumption and overall economic growth. The Manila-based ADB's Asian Development Outlook...
Citing current trends in Southeast Asia, President Marcos expressed optimism that rice prices in the country would ease further. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Malacañang said Marcos made the statement during a sectoral meeting on managing food and...
President Marcos' chief economic manager expects further appreciation of the peso against the US dollar, driven by increased remittance inflows during the upcoming holiday season. In a briefing on Tuesday, Sept. 24, Finance Secretary Ralph G. Recto explained that the local currency typically...
DAVAO CITY – The inflation in the five provinces of Davao region – Davao Oriental, Davao del Sur, Davao Occidental, Davao del Norte, and Davao de Oro – slowed down in August, except for this city. Maria Leah C. Magracia, officer-in-charge of the Statistical Operation and Coordination Division...
ILOILO CITY — The inflation rate in Western Visayas remains unchanged at 4.8 percent in August. A STALL at the La Paz Market in Iloilo City. (Tara Yap) Nida Amolar, Philippine Statistics Authority-6 officer-in-charge and chief statistical specialist, attributed this to the lower food...
The Bangko Sentral ng Pilipinas (BSP) is planning to transition to a new inflation forecasting model in 2025 for better economic predictions, officials said on Monday, Sept. 9. Currently, the BSP relies on the Multi-Equation Model (MEM) and the Single Equation Model (SEM), which have shown strong...
Easing food price pressures in the Philippines are sustainable, according to the World Bank, lessening the pain inflicted by inflation on consumers’—especially the poor’s—pockets. "Food inflation is expected to decline following further reductions in import tariffs implemented in late July...
Albay 2nd district Rep. Joey Salceda (Facebook) Albay 2nd district Rep Joey Salceda is pushing the economic managers of the Marcos administration to keep corn prices in check, even as the inflation rate for August eased to 3.3 percent. Salceda, an economist, said...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) Speaker Martin Romualdez said the House of Representatives will do everything it can to help the Maccos administration keep food prices down--and...
