Private-sector economists polled by Manila Bulletin are expecting the Philippine central bank to continue reducing key interest rates during the upcoming monetary policy meeting as majority of expectations leaned towards inflation slowing slightly in January. Economists monitoring the economic...
Consumer prices in December accelerated for the third consecutive month, but a sharp decline in rice prices helped ease the impact, particularly on poor households, with rice inflation slowing to its lowest level in three years. Data from the Philippine Statistics Authority (PSA) revealed that the...
With inflation within the target range for 2024 and projected to remain so in 2025, economists polled by the Manila Bulletin expect the Bangko Sentral ng Pilipinas (BSP) to continue reducing key borrowing costs this year. Despite headline inflation rates increasing incrementally month-on-month,...
Despite potential price increases in some sectors, the Bangko Sentral ng Pilipinas (BSP) anticipates that the rate of increase in consumer prices will remain controlled and within the desired range this month. In a statement on Friday, Dec. 27, the central bank projected that December 2024...
The Asian Development Bank (ADB) has lowered its inflation forecast for the Philippines due to moderating price pressures, particularly in food and core inflation. In its latest Asian Development Outlook (ADO) report, the Manila-based multilateral institution revised its inflation forecast for the...
Rising prices of pork and chicken during the holiday season, coupled with the continued impact of African Swine Fever (ASF), drove up the Philippines’ inflation rate in November, the Philippine Statistics Authority (PSA) reported. National Statistician and PSA Undersecretary Claire Dennis S. Mapa...
Ikano Retail, the parent company of IKEA Philippines, reported a modest decline in revenues due to rising consumers prices. Christian Roejkjaer, Ikano Retail chief executive officer, said the company closed its financial year ending Aug. 31 in the Philippines with a turnover of EUR141 million...
By DERCO ROSAL UK-based banking giant HSBC announced that the battle to control surging inflation in the country has been won. “We think the BSP's [Bangko Sentral ng Pilipinas] inflation battle is finally over,” the bank stated, following the sharp decline in inflation in September. HSBC...
As inflation slid to its lowest level in four years, the Philippines' chief economist is looking forward to more Filipinos lifted out of poverty. "With inflation dropping from its high levels last year and early this year, together with the continuing robust labor market, we expect poverty to...
The rate of increase in consumer prices likely slowed to its lowest level since October 2020, with forecasts indicating a decline to 2.5 percent for September, from 3.3 percent in August. Stefan Angrick, Moody’s Analytics senior economist, explained that the significant decrease in inflation is...
Inflation likely further slid to 2.9 percent in September as oil and rice price hikes eased, according to Dutch financial giant ING. "The Philippines' small decline in rice prices in September and lower transport fuel prices will have been offset by increases in fruits and vegetables and some other...
Inflation in the Philippines is expected by the Asian Development Bank (ADB) to further ease as reduced import tariffs on staple rice and other food products spill over to domestic retail prices, boosting consumption and overall economic growth. The Manila-based ADB's Asian Development Outlook...
