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...
The Marcos administration’s inter-agency committee on inflation said that the importation of refined sugar must arrive in the country before October this year to help bridge the local production gap. At its meeting on Friday, June 28, the Inter-Agency Committee on Inflation and Market Outlook...
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...
The Philippine Statistics Authority (PSA) estimated that the decrease in rice tariffs from 35 percent to 15 percent could potentially reduce rice prices by P6 to P7 per kilo. In a briefing on Wednesday, June 5, PSA Undersecretary Claire Dennis S. Mapa said that these estimates were made taking into...
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...
LONDON — Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills, official figures showed Wednesday. The drop was widely seen as a trigger for Prime Minister Rishi Sunak to call a general election for July 4. The...
Consumers will be greeted with a ‘mixed bag’ of price adjustments at the pumps next week, with rollback for gasoline and diesel prices seen to be on continued track, but kerosene prices will have slight upward adjustment. Based on the calculation of the oil companies, the price of gasoline...
