(Unsplash) Aside from rice prices, House Speaker Martin Romualdez has also vowed to reduce electricity rates as a way to further ease inflation in the country. “We will work to further reduce electricity rates and rice prices....
Albay 2nd district Rep. Joey Salceda (Facebook) Albay 2nd district Rep. Joey Salceda believes that the Marcos administration has successfully placed inflation "under control", but at the same time thinks more can be done. "Inflation is...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) House Speaker Martin Romualdez has praised President Marcos for the slowdown in inflation rate, from 3.9 percent in May to 3.7 percent...
The Bangko Sentral ng Pilipinas (BSP) said the decrease in the tariff on rice imports would help mitigate supply-related inflationary forces and sustain the disinflation trajectory. In a statement on Friday, July 5, the BSP said it supports President Marcos’ executive order (EO) no. 62, lowering...
The rate of increase in consumer prices slightly eased to 3.7 percent in June from the 3.9 percent recorded in May, the Philippine Statistics Authority (PSA) reported. In its latest inflation report, the PSA said this figure is attributed to slower growth in transport and electricity prices during...
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...
The Department of Budget and Management (DBM) announced that it will increase the government’s proposed budget for 2025 by 10 percent to P6.352 trillion from P5.768 trillion in 2024. During a briefing of the Development Budget Coordination Committee (DBCC), DBM Secretary Amenah F....
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...
ILOILO CITY — The inflation rate in Western Visayas jumped to 4.3 percent last May. A STALL sells fresh fish at the Iloilo Fish Port in Iloilo City. (Tara Yap) The Philippine Statistics Authority (PSA)-6 said the inflation rate jumped 0.2 percent from 4.1 percent in April. Nida...
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,...
(MANILA BULLETIN) The newly-signed "Kabalikat sa Pagtuturo Act" or Republic Act (RA) No.11997 will serve as public school teachers' best friend amid the prevailing high inflation, which impacts prices of basic goods. Thus, said...
Additional major basic goods manufacturers are implementing voluntary price freeze on select items in support of Filipino consumers amid rising prices of goods and the impact of the El Niño phenomenon, the Department of Trade and Industry (DTI) reported. In a statement, DTI Secretary...
