President Marcos' chief economic manager expects further appreciation of the peso against the US dollar, driven by increased remittance inflows during the upcoming holiday season. In a briefing on Tuesday, Sept. 24, Finance Secretary Ralph G. Recto explained that the local currency typically...
DAVAO CITY – The inflation in the five provinces of Davao region – Davao Oriental, Davao del Sur, Davao Occidental, Davao del Norte, and Davao de Oro – slowed down in August, except for this city. Maria Leah C. Magracia, officer-in-charge of the Statistical Operation and Coordination Division...
ILOILO CITY — The inflation rate in Western Visayas remains unchanged at 4.8 percent in August. A STALL at the La Paz Market in Iloilo City. (Tara Yap) Nida Amolar, Philippine Statistics Authority-6 officer-in-charge and chief statistical specialist, attributed this to the lower food...
The Bangko Sentral ng Pilipinas (BSP) is planning to transition to a new inflation forecasting model in 2025 for better economic predictions, officials said on Monday, Sept. 9. Currently, the BSP relies on the Multi-Equation Model (MEM) and the Single Equation Model (SEM), which have shown strong...
Easing food price pressures in the Philippines are sustainable, according to the World Bank, lessening the pain inflicted by inflation on consumers’—especially the poor’s—pockets. "Food inflation is expected to decline following further reductions in import tariffs implemented in late July...
Albay 2nd district Rep. Joey Salceda (Facebook) Albay 2nd district Rep Joey Salceda is pushing the economic managers of the Marcos administration to keep corn prices in check, even as the inflation rate for August eased to 3.3 percent. Salceda, an economist, said...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) Speaker Martin Romualdez said the House of Representatives will do everything it can to help the Maccos administration keep food prices down--and...
President Marcos' chief economic manager emphasized the effectiveness of the government's interventions in stabilizing food prices and assured that efforts to manage risks will continue to keep prices low. In a statement, Finance Secretary Ralph G. Recto said that they will continue to enhance...
President Marcos assured the public that his administration would strive to sustain the country's progress through quality jobs and affordable goods to give Filipinos comfortable lives. File photos Marcos said this as the country's inflation rate declined to 3.3 percent in August from 4.4 percent...
The Bangko Sentral ng Pilipinas (BSP) is more confident inflation will stay within the target band of two percent to four percent for the rest of the year after a “temporary uptick” in July. In a statement Thursday, Sept. 5, following the government’s announcement of a 3.3 percent August...
Consumer price growth in the country slowed to a seven-month low in August, primarily due to easing food and transport costs, the Philippine Statistics Authority (PSA) reported. National Statistician and PSA Undersecretary Claire Dennis S. Mapa said that headline inflation plummeted to 3.3 percent...
The inflation rate, reflecting the increase in consumer prices, is expected to slow down in the coming months, aligning with forecasts from the government and the Bangko Sentral ng Pilipinas (BSP). In a commentary, Dutch bank ING said that headline inflation will retreat to the target of two...
