Finance Secretary Ralph G. Recto said that the inflation rate would increase in March but would not exceed the three percent to four percent target band amid higher interest rates. “We're expecting that, it will be a bumpy road. Now, if that will happen then I think the interest rates will be...
The inflation rate, or growth of consumer prices, for March may be slower than the 3.4 percent readout last month, National Economic and Development Authority Secretary Arsenio M. Balisacan said Thursday, March 21 Balisacan told reporters that they are confident that inflation for this month will...
Amid accelerating inflation and subdued global markets, National Economic and Development Authority Secretary Arsenio M. Balisacan expressed openness to revising this year's economic growth target downward. Balisacan said that the Development Budget Coordination Committee (DBCC), an inter-agency...
ILOILO CITY – Western Visayas, just a month after registering the lowest inflation rate in five years, recorded a 2.7 percent inflation rate, up 0.7 percent from two percent in January. FRESH fish are sold in a stall at Iloilo Fish Port in Iloilo City. (Tara Yap) Nelida Amolar, Philippine...
From left to right: Quezon City 4th district Rep. Marvin Rillo, Iloilo 1st district Rep. Janette Garin, Lanao del Sur 1st district Rep. Zia Alonto Adiong (Ellson Quismorio/ MANILA BULLETIN) The claim of the Makabayan bloc that economic...
(MANILA BULLETIN) Speaker Martin Romualdez says the House of Representatives "fully acknowledges and empathizes" with Filipinos amid the significant rise in inflation rate from January to February 2024. "We fully acknowledge and empathize...
Albay 2nd district Rep. Joey Salceda (PPAB) Albay 2nd district Rep. Joey Salceda says the government must put all the stops with the commodity of rice after the Philippines’ inflation rate jumped to 3.4 percent. “If the government were to be obsessed with one...
The inflation rate for the first quarter this year is expected to fall within the central bank’s target band due to base effects, analysts from Manulife Investment Management and Trust Corporation (MIM PH) said. This as the Philippine Statistics Authority (PSA) reported the headline inflation in...
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...
The National Economic and Development Authority (NEDA) said that the rising employment rate in the country would help cushion the impact of higher inflation on the purchasing power of Filipinos. In a statement, NEDA Secretary Arsenio M. Balisacan stressed the immediate need to address inflation,...
An economist stated that aside from the economic restrictions imposed by the Constitution, issues in education and infrastructure also deter foreign investors from entering the country. Bank of the Philippine Islands Lead Economist Emilio Neri, during a webinar at the Philippine Institute for...
