Senator Ramon "Bong" Revilla, Jr. expects President Marcos to discuss ways to address inflation as well as his plans on food security and national security in his third State of the Nation Address on July 22. In a statement, Revilla said that he is positive that the President's third SONA will...
By TARA YAP ILOILO CITY – The inflation rate in Western Visayas region jumped to 4.9 percent last June. A VENDOR at the La Paz Market in Iloilo City. The Philippine Statistics Authority reported that the inflation rate in Western Visayas went up to 4.9 percent in June. (Tara Yap)...
BY MYRNA VELASCO Consumers can finally pull collective sigh of relief as pump prices are expected to be on significant rollback across products, based on the calculation of the oil companies. If reckoned on the four-day outcome of trading in the regional market, the estimated price cuts would be...
The country’s inflation rate may have peaked this year after the rice tariff cut was implemented, analysts have suggested. In its June inflation report, the Bank of the Philippine Islands (BPI) stated that the July inflation data will likely remain near the upper limit of the Bangko Sentral ng...
Finance Secretary Ralph G. Recto said that inflation may have already reached its highest point, projecting a gradual decline in the rate of food price increases in the coming months. Recto stated that the continued moderation in inflation may lead the Bangko Sentral ng Pilipinas (BSP) to consider...
Finance Secretary Ralph G. Recto said that inflation is expected to remain within the target band of two percent to four percent this year following its contraction in June. Recto said that implementing whole-of-government interventions, such as cash grants and tariff rate cuts, will ensure that...
(Unsplash) Aside from rice prices, House Speaker Martin Romualdez has also vowed to reduce electricity rates as a way to further ease inflation in the country. “We will work to further reduce electricity rates and rice prices....
Albay 2nd district Rep. Joey Salceda (Facebook) Albay 2nd district Rep. Joey Salceda believes that the Marcos administration has successfully placed inflation "under control", but at the same time thinks more can be done. "Inflation is...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) House Speaker Martin Romualdez has praised President Marcos for the slowdown in inflation rate, from 3.9 percent in May to 3.7 percent...
The Bangko Sentral ng Pilipinas (BSP) said the decrease in the tariff on rice imports would help mitigate supply-related inflationary forces and sustain the disinflation trajectory. In a statement on Friday, July 5, the BSP said it supports President Marcos’ executive order (EO) no. 62, lowering...
The rate of increase in consumer prices slightly eased to 3.7 percent in June from the 3.9 percent recorded in May, the Philippine Statistics Authority (PSA) reported. In its latest inflation report, the PSA said this figure is attributed to slower growth in transport and electricity prices during...
The Marcos administration’s inter-agency committee on inflation said that the importation of refined sugar must arrive in the country before October this year to help bridge the local production gap. At its meeting on Friday, June 28, the Inter-Agency Committee on Inflation and Market Outlook...
