The cost of rice shot up by 19.6 percent in December last year, marking its highest increase in over 14 years, the Philippine Statistics Authority (PSA) reported. This reading, according to the statistics agency, was also the highest in 2023 since rice inflation peaked in September due to the...
The rate of increase in consumer prices continued to slow in December, while the country's annual inflation climbed to its highest level in 15 years, data from the Philippine Statistics Authority (PSA) showed. Last month's consumer price growth showed sustained signs of easing, with headline...
The drive at the start of the year will bring slight cheers to motorists as the price of diesel products will be on a moderate rollback of P0.35 per liter; while gasoline prices will have a marginal reduction of P0.10 per liter, according to the price adjustment advisories of the oil companies. In...
Filipino consumers will have slight consolation on their pockets at the start of new year 2024, as the prices of kerosene and diesel products are anticipated to be on rollback next week, based on the calculation of the industry players. According to the oil firms, kerosene prices will have...
President Marcos' chief economic manager assured Filipinos that they can depend on the government to mobilize efforts in addressing the expected rise in consumer prices, as inflationary pressures are projected to continue until next year. Finance Secretary Benjamin E. Diokno said that their top...
The farmgate prices of unmilled rice or palay averaged P21.96 per kilo in November, an increase of 26.6 percent from P17.35 per kilo in the same month a year ago. The Philippine Statistics Authority (PSA) said in a report that all regions registered year-on-year growth rates in average farmgate...
This week’s hefty oil price hikes would be ‘the Grinch” snatching Christmas merriment from the Filipino consumers, with the oil companies announcing P1.60 per liter increase for gasoline and P1.70 per liter hike for diesel products. Further, the price of kerosene - an essential base for...
The year 2023 is ending with a bang for Filipino consumers at the pumps, as oil prices will incur significant increases, according to the calculation of the oil companies. As culled from the estimates of the industry players, gasoline prices will increase by P1.45 to P1.85 per liter; while diesel...
Amid the ongoing El Niño phenomenon, the prices of agricultural commodities, such as regular milled rice, posted an increase in the initial days of December. Based on a survey by the Philippine Statistics Authority (PSA), the average retail price of a kilogram of well-milled rice rose to P48.84...
Motorists filling up their vehicles with diesel will experience very slight pinch in their pockets this week, as the price of this commodity will have slight increase of P0.10 per liter, based on the pricing advisories of the oil companies. For gasoline products, there’s no price movement this...
The Department of Agriculture (DA) said that the country's rice supply is sufficient until the next harvest season, supported by steady local production and imports. In a briefing on Saturday, Dec. 13, Agriculture Assistant Secretary Arnel De Mesa said they expect the national rice stock inventory...
The farmgate price of palay or rice per kilogram swelled in November this year, data from the Philippine Statistics Authority (PSA) showed. Based on the PSA data, the average farmgate price of palay increased to 26.6 percent during the month. This translates to P21.96 per kilogram of palay, which...
