The Bangko Sentral ng Pilipinas (BSP) said it is supporting the national government’s initiatives aimed at boosting the distribution of key food products and address supply-side pressures that exacerbate inflation. In a statement, the BSP said on Tuesday, Oct. 25, that addressing high consumer...
The skyrocketing consumer prices will not only drag down the country’s economic growth, but also keep many Filipino families trapped in poverty even if they earn more, the National Economic and Development Authority (NEDA) said. While high inflation is not here stay, Socioeconomic Planning...
Consumers prices continued to climb at the fastest pace in nearly four years to 6,9 percent in September on the back of rising food and energy costs, the Philippine Statistics Authority (PSA) reported on Wednesday, Oct. 5. Headline inflation clocked in at 6.9 percent last month, higher than the 6.3...
The Asian Development Bank (ADB) said the rate of increase in consumer prices in the country would move at a much faster pace this year owing to acceleration of global energy and commodity prices. Based on the Asian Development Outlook 2022 Update on Wednesday, Sept. 21, the Manila-based...
Despite the slight slowdown in the country’s inflation rate, House Senior Deputy Minority Leader and Northern Samar 1st District Rep. Paul Daza warned the public against expecting prices of commodities to also decrease. Northern Samar Rep. Paul Daza (left) and Albay Rep. Joey Salceda (right)...
Growth in consumer prices soared further in July to 6.4 percent from 6.1 percent in June, bringing year to date inflation to 4.7 percent, as supply limitations in the domestic market squeezed food costs, the Philippine Statistics Authority (PSA) reported Friday, Aug. 5. Headline inflation, which...
HEARD IT THROUGH THE GRIPE-VINE: OUR NEW ABNORMAL What kind of individual carbon footprint do you generate with your present lifestyle? At a recent Watsons “Do Good for the Planet” event, this was one of the fun and enlightening interactive elements of the event; as all in attendance were asked...
The rate of increase in consumer prices accelerated to a fresh three-year high in May as the worsening inflationary pressures globally continued to eat into Filipinos’ purchasing power. The Philippine Statistic Authority (PSA) reported on Tuesday, June 7, that headline inflation jumped to 5.4...
One notable law signed by President Rodrigo R. Duterte early this month is Republic Act No. 11765, otherwise known as the Financial Products and Services Consumer Protection Act (FCPA), which gave three financial regulators the power to speed up addressing consumers’ complaints against financial...
The rate of increase in consumer prices quickened in April, hitting its highest level in more than three-years, due to higher food and fuel costs, the Philippine Statistics Authority (PSA) reported on Thursday, May 5. The country's headline Inflation clocked in at 4.9 percent last month, faster...
Albay 2nd district Rep. Joey Salceda believes that a bigger crackdown on online lending and investment scams is coming sooner than later, thanks to President Duterte's expected signing of the Financial Consumer Protection (FCP) Act. (Maxim Ilyahov/ Unsplash) “I am told by sources in the Palace...
Inflation in the country is projected to surpass government’s target of 2-4 percent this year, owing mainly to skyrocketing fuel and food prices, the ASEAN+3 Macroeconomic Research Office (AMRO) reported. During the Regional Economic Outlook virtual briefing on Tuesday, April 12, Hoe Ee Khor,...
