Private sector economists expect June inflation to be close to the higher end of the government's target range of manageable consumer price hikes. Dutch bank ING projected an above-target headline rate of 4.1 percent year-on-year for June, from the 3.9 percent posted in May. The Philippine...
President Marcos' chief economic manager is confident that the rate of increase in consumer prices would fall within the government's target range this year. During the Philippine Economic Briefing in Tokyo on Friday, June 21, Finance Secretary Ralph G. Recto said that inflation may stabilize at...
Inflation, or the rate of increase in consumer prices, picked up at a quicker pace in May as electricity and liquefied petroleum gas costs rise, the Philippine Statistics Authority reported Wednesday, June 5. May headline inflation inched up to 3.9 percent from 3.8 percent in the previous month,...
The inflation rate, or the rate of increase in prices of goods and services, inched up to 3.8 percent in April, as rice prices declined after a three-month surge, the Philippine Statistics Authority (PSA) reported Tuesday, May 7. This figure was a bit higher than the 3.7 percent recorded previously...
Consumer prices accelerated for the second consecutive month, driven by faster increases in food and transportation costs, the Philippine Statistics Authority (PSA) reported on Friday, April 5. Based on the PSA report, the the country's headline inflation quickened to 3.7 percent in March this year...
Despite the uptick in February, the Department of Finance (DOF) said that the rise in consumer prices remained well within the government's target range. Finance Secretary Ralph G. Recto said the 3.4 percent inflation rate last month fell within the government's desired range of 2.0 percent to 4.0...
The Philippine Statistics Authority (PSA) reported that the country's four-month streak of slowing consumer prices was disrupted by a sharp increase in rice and pork prices, causing the inflation rate to spike to 3.4 percent in February. Last month's headline inflation rate was higher than the 2.8...
With rice prices soaring, the head of President Marcos' economic team said that their main focus is to lower inflation and protect the purchasing power of the Filipino people. Finance Secretary Ralph G. Recto said he was “encouraged by the further drop in the Philippines’ headline inflation to...
Consumers are urged to prepare for a surge in rice prices as the government warned that recent cost increases for the nation's staple food are expected to persist, posing a threat to the country's most vulnerable households. In a briefing, Philippine Statistics Authority (PSA) Undersecretary Claire...
The country's inflation rate in January this year marked its slowest growth in over three years, registering at 2.8 percent, the Philippine Statistics Authority (PSA) said. This means that the inflation rate, or the increase in prices of goods and services, moved at a slower pace during the period...
The country saw its lowest inflation rate of the year in December, but unfortunately, low-income Filipino families did not reap the benefits of this downturn, data from the Philippine Statistics Authority (PSA) showed. The PSA's data revealed that the inflation rate for the poorest 30 percent of...
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...
