Albay 2nd district Rep. Joey Salceda (Facebook) Economist-solon Albay 2nd district Rep. Joey Salceda says all efforts to manage the country’s inflation rate must be focused on the staple food of rice. Salceda, chairman of the House...
The inflation rate, or the rate of increase in prices of goods and services, inched up to 3.8 percent in April, as rice prices declined after a three-month surge, the Philippine Statistics Authority (PSA) reported Tuesday, May 7. This figure was a bit higher than the 3.7 percent recorded previously...
The Bangko Sentral ng Pilipinas (BSP) said the inflation rate for the month of April likely settled at a low of 3.5 percent or a high of 4.3 percent versus March’s 3.7 percent, amid elevated gasoline prices and a depreciating peso vis-à-vis the US dollar. Inflation is the increase in the...
The country’s inflation is expected to remain above-target in the second quarter with an estimated average of 4.2 percent compared to the 3.3 percent average in the first quarter this year, according to analysts from First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific...
WASHINGTON — Coming off a robust end to 2023, the U.S. economy is thought to have extended its surprisingly healthy streak at the start of this year, with consumers still spending freely despite the pressure of high interest rates. The Commerce Department is expected to report Thursday that...
The National Economic and Development Authority (NEDA) said it is crucial to ease the inflation rates, particularly the rice prices, in the coming months to achieve the government's growth target. NEDA Secretary Arsenio M. Balisacan told reporters that the goal of keeping the inflation within...
ILOILO CITY – The inflation rate – the increase in prices of basic goods and services – in Western Visayas region jumped 0.4 percent from 2.7 percent in February to 3.1 percent in March. Nida Amolar, Philippine Statistics Authority (PSA)-6 officer-in-charge and chief...
Albay 2nd district Rep. Joey Salceda (Ellson Quismorio/ MANILA BULLETIN) The Philippines continues to feel the effects of the "abnormal" price of rice in global market, thus the higher inflation rate this past month. Economist-solon...
Consumer prices accelerated for the second consecutive month, driven by faster increases in food and transportation costs, the Philippine Statistics Authority (PSA) reported on Friday, April 5. Based on the PSA report, the the country's headline inflation quickened to 3.7 percent in March this year...
Finance Secretary Ralph G. Recto said that the inflation rate would increase in March but would not exceed the three percent to four percent target band amid higher interest rates. “We're expecting that, it will be a bumpy road. Now, if that will happen then I think the interest rates will be...
The inflation rate, or growth of consumer prices, for March may be slower than the 3.4 percent readout last month, National Economic and Development Authority Secretary Arsenio M. Balisacan said Thursday, March 21 Balisacan told reporters that they are confident that inflation for this month will...
Amid accelerating inflation and subdued global markets, National Economic and Development Authority Secretary Arsenio M. Balisacan expressed openness to revising this year's economic growth target downward. Balisacan said that the Development Budget Coordination Committee (DBCC), an inter-agency...
