The National Economic and Development Authority (NEDA) has estimated that over seven million Filipinos could have escaped poverty if inflation had remained within the government's target over the last two years. NEDA Secretary Arsenio M. Balisacan said that the high inflation rate, which averaged...
The rate of prices of goods sold to wholesalers remained the same in October, the Philippine Statistics Authority reported Thursday, Dec. 14. According to the PSA data, the general wholesale price index (GWPI) during the month remained at 4.4 percent. This was lower than the 7.6 percent recorded in...
ILOILO CITY – The inflation rate in Western Visayas dropped to four percent in November. A MAN purchases tomatoes in a stall at the Iloilo Terminal Market in Iloilo City. The Philippine Statistics Authority said the inflation rate in Western Visayas went down to four percent in November. (Tara...
President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate) Lawmakers from both legislative chambers agree: the Marcos administration has successfully waded through the challenges of elevated global inflation and brought the Philippines on to much better...
President Marcos has expressed confidence that the Philippines will have a promising future following reports of the country's inflation rate dropping last month. President Ferdinand 'Bongbong' Marcos Jr. (Bongbong Marcos/Facebook) Marcos said this as he welcomed the report that the country's...
(MANILA BULLETIN) Albay 2nd district Rep. Joey Salceda has placed a spotlight on the access and supply of rice after overall inflation in the country eased forthe month of November. According to the Philippine Statistics Authority (PSA), the inflation...
House Speaker Martin Romualdez (Facebook) This coming new year will be "brighter and more prosperous", according to House Speaker Martin Romualdez. At least that's how he feels after looking at the country’s inflation rate for November, which slowed...
Factory gate prices posted an annual decrease of 0.3 percent in October this year, the Philippine Statistics Authority (PSA) reported Wednesday, Nov. 29. This was a reversal of the 7.3 percent of the producer price index (PPI) growth recorded in the same month a year earlier and slightly faster...
The Philippines' employment situation is "very bright," a Cabinet official said. (Photo courtesy of PCO) Finance Secretary Benjamin Diokno said Filipinos are in a better position to weather inflation citing the lower unemployment rate in the country, which he labeled as very bright. “Iyong...
Short-term benchmark interest rates sharply dropped anew, now below the local policy rate of 6.50 percent. At the Bureau of the Treasury auction on Tuesday, Nov. 28, the national government fully awarded its P10 billion offering. Total demand reached P72.215 billion, more than seven times higher...
Growth in the bulk prices of general goods slowed in September this year as food price growth eased, the Philippine Statistics Authority (PSA) reported. Based on the PSA data, the General Wholesale Price Index (GWPI) in the country dropped to 4.4 percent from 5.0 percent in August. It is also lower...
ILOILO CITY – The inflation rate in Western Visayas dropped 1.2 percent from 6.6 percent in September to 5.4 percent in October, the Philippine Statistics Authority (PSA)-6 said. VENDORS sell fruits and vegetables at the Iloilo Provincial Capitol grounds. (Tara Yap) “The downtrend in the...
