Consumer prices surged last month due to the steep rise in food prices, particularly rice, and the spike in transportation costs caused by higher fuel prices, the Philippine Statistics Authority (PSA) reported. In a briefing, National Statistician Claire Dennis S. Mapa said that headline inflation...
ASEAN Business Advisory Council (BAC) Philippines chairperson Joey Concepcion is optimistic that this year’s Christmas will be “a very good one” for Filipinos despite a slight reduction in business confidence and growth forecasts. Joey Concepcion (Go Negosyo/Facebook) During the recently held...
BAGUIO CITY (PNA) – The Philippine Statistics Authority in the Cordillera Administrative Region (PSA-CAR) on Friday, September 22, said that the region has posted a 3.9 percent inflation rate, lower than the national average of 5.3 percent and National Capital Region’s 5.9 percent. Villafe...
ILOILO CITY – The inflation rate in Western Visayas went up in August after five straight months of decline. The Philippine Statistics Authority (PSA)-6 said the inflation rate increased by 0.3 percent to 6.1 percent from 5.8 percent in July. A MARKET stall at La Paz Public Market in Iloilo City....
Malacañang assured the public that the government will intensify its monitoring of rice prices in the market. A rice vendor at Paco Market in Manila says regular milled rice sold at P41 per kilogram does not sell well due to its unusual appearance. (Arnold Quizol) Executive Secretary Lucas...
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 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...
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...
