Consumer price hikes dropped sharply to 2.1 percent in February, marking the lowest rate in five months, according to the Philippine Statistics Authority (PSA). Data from the PSA on Wednesday, March 5, revealed headline inflation slowed significantly from the 2.9 percent rate in January. It...
The anticipated further reduction in interest rates will support this year's robust Philippine economic expansion, according to the think tank Capital Economics. "We expect growth to remain relatively strong in 2025, helped by policy loosening from the central bank," Capital Economics senior...
With rice prices on the decline, domestic inflation would ease further this year, according to the think tank Economist Intelligence Unit (EIU). In a Feb. 5 report, EIU regional director for Asia Alex Holmes projected headline inflation in the Philippines to average 2.5 percent this year, lower...
ILOILO CITY – The inflation rate in Western Visayas went up in January, the Philippine Statistics Authority-6 said. Nida Amolar, PSA-6 officer-in-charge and chief statistical specialist, said the inflation rate was up 0.2 percent to 3.6 percent in January from 3.4 percent in December....
While President Ferdinand R. Marcos Jr.'s allies are likely to retain control of Congress after the midterm polls, a worsening conflict with Vice President Sara Z. Duterte-Carpio and her impeachment, alongside the economic struggles of ordinary Filipinos, may challenge the administration's hold on...
Expensive tomatoes and pork pushed the rate of increase in prices of basic goods and services to 2.9 percent in January, the Philippine Statistics Authority (PSA) reported on Wednesday, Jan. 5. Last month's headline inflation matched the same rate as December 2024 but inched up from 2.8 percent in...
Private-sector economists polled by Manila Bulletin are expecting the Philippine central bank to continue reducing key interest rates during the upcoming monetary policy meeting as majority of expectations leaned towards inflation slowing slightly in January. Economists monitoring the economic...
ILOILO CITY – This city had the second highest inflation rate in the country last December but a bank executive sees this as a sign of the growth and development here. EASTWEST CEO Jerry Ngo (right) and Chief Investment Officer Bede Gomez speak during an economic briefing in Iloilo...
DAVAO CITY – The Bangsamoro Autonomous Region in Muslim Mindanao logged a 1.3 percent inflation rate in December 2024, the second lowest in the country, the Philippine Statistics Authority said. FRESHWATER fish sold on the side of the highway in Pagalungan, Maguindanao del Sur. (Keith Bacongco)...
ILOILO CITY – This city logged the second highest inflation rate in the country last month with 5.4 percent. The Philippine Statistics Authority said Iloilo City is next to Cagayan, with 5.7 percent, among 100 provinces and highly urbanized cities with high inflation rate in December. A VIEW...
ILOILO CITY – The inflation rate in Western Visayas went up by 0.2 percent from 3.2 percent in November to 3.4 percent in December. PEOPLE buy goods in a market in Jaro, Iloilo City. (Tara Yap) “The uptrend in the Western Visayas inflation rate in December 2024 was mainly due to the faster...
Consumer prices in December accelerated for the third consecutive month, but a sharp decline in rice prices helped ease the impact, particularly on poor households, with rice inflation slowing to its lowest level in three years. Data from the Philippine Statistics Authority (PSA) revealed that the...
