The Department of Agriculture (DA) secured a temporary toll fee waiver for trucks transporting agricultural goods, part of the strategic push to lower logistics expenses, stabilize retail food prices, and shield farmers’ earnings from volatile fuel costs. In a statement on Friday, April 17,...
The government has reached a fresh agreement with manufacturers and retailers to extend the nationwide price freeze on essential goods until May 10, providing a temporary shield for consumers against rising living costs. On Friday, April 17, Trade Secretary Cristina Aldeguer-Roque announced the...
Filipinos are caught in a financial trap, increasingly forced to borrow money for food and basic needs despite their deep cultural dislike of debt, according to the latest Bangko Sentral ng Pilipinas (BSP) report that highlighted growing strain on household finances. The 2025 Consumer Finance and...
While global oil shocks have yet to fully affect the Philippine economy since the flare-up of United States (US)-Iran military hostilities a month ago, the Bangko Sentral ng Pilipinas’ (BSP) minimum inflation assumption is that March accelerated at the fastest pace in at least 19 months. Seen as...
The Department of Trade and Industry (DTI) secured a commitment from the country’s largest manufacturers and retailers to freeze prices on essential goods through mid-April to insulate households from the inflationary fallout of escalating tensions in the Middle East. In a statement late...
The country’s full-year inflation rate in 2025 settled at a nine-year low, even as inflation edged up to 1.8 percent in December from 1.5 percent a month earlier, driven mainly by higher prices of food and non-alcoholic beverages, the Philippine Statistics Authority (PSA) reported. National...
The country’s inflation rate slowed to 1.5 percent in November, easing from 1.7 percent in October and 2.5 percent in the same month last year, largely due to lower food prices, the Philippine Statistics Authority (PSA) reported on Friday, Dec. 5. Headline inflation averaged 1.6 percent during...
The Bangko Sentral ng Pilipinas (BSP) warned that the recent plunge of the peso, which has hit new lows, could reignite inflation despite projections that the November rate would settle below the central bank’s target band The BSP on Friday, Nov. 28, cited “higher electricity and oil prices,...
Despite inflation climbing to a six-month high in September, Singapore-based Oversea-Chinese Banking Corp. Ltd. (OCBC) still expects consumer prices in the Philippines to rise by less than two percent on average for the entire year. Average headline inflation stood at 1.7 percent as of...
Inflation rose to a six-month high of 1.7 percent in September, mainly due to more expensive fuel and higher vegetable prices following the onslaught of typhoons, the Philippine Statistics Authority (PSA) reported on Tuesday, Oct. 7. The latest PSA data showed that the country’s inflation rate...
The rate of increase in consumer prices has accelerated last month due to jump in food prices, with recent weather events heavily impacting the cost of vegetables, the Philippine Statistics Authority (PSA) reported on Friday, Sept. 5. Headline inflation accelerated to 1.5 percent in August 2025,...
The Bangko Sentral ng Pilipinas (BSP) expects August 2025 inflation to accelerate to a median of 1.4 percent, a modest increase from July but a significant deceleration from last year. The central bank projects a range of 1.0 percent to 1.8 percent for the month. The forecast is a jump from...
