The Philippine Statistics Authority (PSA) reported that the prices of goods sold to wholesalers increased at a much faster pace in July due to higher costs of food inputs. According to the PSA data, the General Wholesale Price Index (GWPI) in the country rose to 4.5 percent in July from 4.0 percent...
(MANILA BULLETIN) Albay 2nd district Rep. Joey Salceda is anything but surprised by the faster inflation recorded for the month of August. "The general situation is expected, since much of the upward price movement is driven by world trade dynamics," Salceda said...
The government's chief economic manager said the Marcos administration's inflation assumption for the year is still feasible despite the rise in consumer prices last month. In a statement, Finance Secretary Benjamin E. Diokno said the government is determined to minimize the impact of inflation and...
The rate of increase in consumer prices accelerated for the first time in six months in August, driven by higher food and transport costs, the Philippine Statistics Authority (PSA) reported. In a briefing on Tuesday, Sept. 5, National Statistician Dennis S. Mapa said that the headline inflation...
The chain of financial distress at the oil pumps will continue for Filipino consumers, as petroleum product prices are anticipated to rise again at the pumps by Tuesday (September 5), according to the oil companies. Based on the calculation of the industry players, diesel products will increase by...
The Energy Regulatory Commission has granted the plea of power utility giant Manila Electric Company (Meralco) and its affiliate-firm Panay Energy Development Corporation (PEDC) on their contract price adjustment. In tandem with that ruling of the Commission had also been the approval on a...
The purchasing power of Filipino motorists will be on another round of assault, as pump prices are expected to rise again at the gasoline stations next week, based on the calculation of the oil companies. According to the industry players, the price of gasoline will rise by P0.10 to P0.50 per...
For the third time, the Energy Regulatory Commission (ERC) suspended the feed-in-tariff allowance (FIT-ALL) charge in the electric bills of consumers to help ease the financial burden of ordinary Filipinos. The regulatory body ordered the suspension Tuesday, Aug. 22, the third time the...
Price surges at the domestic pumps will partly cool off next week, as the adjustments will be relatively moderate, based on the calculation of the oil companies. According to the industry players, gasoline prices will rise by P0.70 to P1.00 per liter; while diesel prices may not change because the...
ILOILO CITY – The inflation rate in Western Visayas has dropped for the fifth consecutive month. A report released by the Philippine Statistics Authority (PSA-6) said the inflation rate went down by one percent to 5.8 percent in July from 6.8 percent in June. A WOMAN passes by stalls selling...
Cooler temperatures in the past weeks have dampened overall electricity demand benefitting customers of Manila Electric Company (Meralco) with P0.2908 per kilowatt hour (kWh) rate reduction in their August bills. Relative to the rate downtrend, the utility firm said that residential end-users in...
The Marcos Administration will roll out next month the Lifeline Rate program, which aims to benefit qualified low-income households to help them pay their electricity bills, the Presidential Communications Office (PCO) said. Meralco The Lifeline Rate is a subsidized rate given to...
