ILOILO CITY – The inflation rate in Western Visayas dropped to 4.8 percent in July, the Philippine Statistics Authority-6 said on Friday, August 9. THE La Paz Market in Iloilo City is abuzz with commercial activity. (Tara Yap) ida Amolar, PSA-6 officer-in-charge and chief statistical specialist,...
President Marcos’ chief economic manager stated that the substantial rise in consumer prices in July was temporary and is expected to align with the government’s target range in the coming months. Finance Secretary Ralph G. Recto said in a statement that the 4.4 percent inflation rate recorded...
(Unsplash) Albay 2nd district Rep Joey Salceda has always blamed rice prices for past instances of quickened inflation; that's not the case anymore. "It’s no longer rice, rice, rice. It’s corn," the economist-solon said in a...
Consumer prices surged by 4.4 percent in July, surpassing the government's target for the first time this year due to a faster increase in utilities, food, and transportation costs. According to the Philippine Statistics Authority (PSA), the country’s headline inflation rate last month...
Finance Secretary Ralph G. Recto said that the inflation rate may move at a much faster pace in July, while the impact of Typhoon Carina on the prices of goods is expected to be felt in the following months. “I think, coming from a low base, the inflation will be higher, but still within target...
CEBU CITY – A party-list representative wants to hear President Ferdinand R. Marcos Jr. talk about the steps that the government is taking to address the rising inflation rate in the State-of-the-Nation Address on Monday, July 22. Agri party-list Rep. Wilbert Lee said the President should talk...
Senator Ramon "Bong" Revilla, Jr. expects President Marcos to discuss ways to address inflation as well as his plans on food security and national security in his third State of the Nation Address on July 22. In a statement, Revilla said that he is positive that the President's third SONA will...
By TARA YAP ILOILO CITY – The inflation rate in Western Visayas region jumped to 4.9 percent last June. A VENDOR at the La Paz Market in Iloilo City. The Philippine Statistics Authority reported that the inflation rate in Western Visayas went up to 4.9 percent in June. (Tara Yap)...
BY MYRNA VELASCO Consumers can finally pull collective sigh of relief as pump prices are expected to be on significant rollback across products, based on the calculation of the oil companies. If reckoned on the four-day outcome of trading in the regional market, the estimated price cuts would be...
The country’s inflation rate may have peaked this year after the rice tariff cut was implemented, analysts have suggested. In its June inflation report, the Bank of the Philippine Islands (BPI) stated that the July inflation data will likely remain near the upper limit of the Bangko Sentral ng...
Finance Secretary Ralph G. Recto said that inflation may have already reached its highest point, projecting a gradual decline in the rate of food price increases in the coming months. Recto stated that the continued moderation in inflation may lead the Bangko Sentral ng Pilipinas (BSP) to consider...
Finance Secretary Ralph G. Recto said that inflation is expected to remain within the target band of two percent to four percent this year following its contraction in June. Recto said that implementing whole-of-government interventions, such as cash grants and tariff rate cuts, will ensure that...
