President Marcos' chief economic manager emphasized the effectiveness of the government's interventions in stabilizing food prices and assured that efforts to manage risks will continue to keep prices low. In a statement, Finance Secretary Ralph G. Recto said that they will continue to enhance...
The Philippine Statistics Authority (PSA) reported that the government’s decision to lower rice import tariffs is starting to affect consumer prices. In a briefing, National Statistician and PSA Undersecretary Claire Dennis S. Mapa said the tariff reduction significantly contributed to the...
President Marcos assured the public that his administration would strive to sustain the country's progress through quality jobs and affordable goods to give Filipinos comfortable lives. File photos Marcos said this as the country's inflation rate declined to 3.3 percent in August from 4.4 percent...
The Bangko Sentral ng Pilipinas (BSP) is more confident inflation will stay within the target band of two percent to four percent for the rest of the year after a “temporary uptick” in July. In a statement Thursday, Sept. 5, following the government’s announcement of a 3.3 percent August...
Consumer price growth in the country slowed to a seven-month low in August, primarily due to easing food and transport costs, the Philippine Statistics Authority (PSA) reported. National Statistician and PSA Undersecretary Claire Dennis S. Mapa said that headline inflation plummeted to 3.3 percent...
The inflation rate, reflecting the increase in consumer prices, is expected to slow down in the coming months, aligning with forecasts from the government and the Bangko Sentral ng Pilipinas (BSP). In a commentary, Dutch bank ING said that headline inflation will retreat to the target of two...
ILOILO CITY – The inflation rate in Western Visayas dropped to 4.8 percent in July, the Philippine Statistics Authority-6 said on Friday, August 9. THE La Paz Market in Iloilo City is abuzz with commercial activity. (Tara Yap) ida Amolar, PSA-6 officer-in-charge and chief statistical specialist,...
President Marcos’ chief economic manager stated that the substantial rise in consumer prices in July was temporary and is expected to align with the government’s target range in the coming months. Finance Secretary Ralph G. Recto said in a statement that the 4.4 percent inflation rate recorded...
(Unsplash) Albay 2nd district Rep Joey Salceda has always blamed rice prices for past instances of quickened inflation; that's not the case anymore. "It’s no longer rice, rice, rice. It’s corn," the economist-solon said in a...
Consumer prices surged by 4.4 percent in July, surpassing the government's target for the first time this year due to a faster increase in utilities, food, and transportation costs. According to the Philippine Statistics Authority (PSA), the country’s headline inflation rate last month...
Finance Secretary Ralph G. Recto said that the inflation rate may move at a much faster pace in July, while the impact of Typhoon Carina on the prices of goods is expected to be felt in the following months. “I think, coming from a low base, the inflation will be higher, but still within target...
CEBU CITY – A party-list representative wants to hear President Ferdinand R. Marcos Jr. talk about the steps that the government is taking to address the rising inflation rate in the State-of-the-Nation Address on Monday, July 22. Agri party-list Rep. Wilbert Lee said the President should talk...
