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)...
Small supermarkets struggling to keep up with the lower prices of sugar offered in big supermarkets will have to wait before getting help from the government amid the sugar problem in the country. Supermarket shoppers (Manila Bulletin article) Malacañang said on Wednesday, Aug. 24, they will...
President Ferdinand "Bongbong" Marcos Jr. disclosed that the government was looking into the possibility that food manufacturers would be able to directly import sugar to address the "worrisome" sugar problem in the country. President Ferdinand 'Bongbong' Marcos Jr. meets with the members of the...
Filipino consumers can continue to breathe a sigh of relief, however tiny the rollback maybe, on their weekly fuel budgets as pump prices are due to come down again by Tuesday, Aug. 16, based on the calculation of the oil companies. According to the industry players, diesel prices will be reduced...
President and Agriculture Secretary Ferdinand “Bongbong” R. Marcos Jr. has met with Department of Trade and Industry (DTI) Secretary Alfredo E. Pascual to talk about the prices of fertilizers in the country, Press Secretary Trixie Cruz-Angeles said on Friday, August 12. Communications Secretary...
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...
Filipino consumers can gain partial financial relief in their budgets this week, as the price of diesel will be trimmed by P0.60 per liter; and kerosene products will be on downtrend by P0.75 per liter. Additionally, the price of cooking fuel liquefied petroleum gas (LPG) will be on rollback by...
For the fifth time in a series of cost adjustments in the past two months, the pockets of consumers will be eased partly with the anticipated rollback in diesel and kerosene prices next week, but motorists using gasoline are not as lucky because the cost of this commodity will go up. Industry...
Filipino motorists can enjoy another week of less worry on their fuel expenses as oil companies implement their cost rollback at the pumps on Tuesday, July 26. In the cost adjustment advisories, oil companies announced that the price of diesel will be reduced by P1.85 per liter; while gasoline...
