Rice prices dropped at their fastest pace since 1995, bringing consumer price increases to below one percent in July, partly supported by the current administration’s ₱20-per-kilo rice program. Philippine Statistics Authority (PSA) Undersecretary and National Statistician Claire Dennis Mapa...
The Philippine economy is enjoying low inflation and accelerated growth amid a manufacturing rebound plus improved consumer spending in the second quarter of 2025, according to global investment banking giant Goldman Sachs. In an Aug. 1 report obtained by Manila Bulletin, Goldman Sachs Economics...
With rice prices still seen to have dropped further recently, the central bank has forecast that increases in consumer prices likely slowed even more in July, following the five-and-a-half-year lows of 1.4 percent in June and 1.3 percent in May. As such, private-sector economists said that the...
Citing still favorable inflation data, President Marcos’ chief economic manager said the Bangko Sentral ng Pilipinas (BSP) could proceed with delivering two quarter-point cuts in the key interest rate by year-end even if the United States (US) Federal Reserve (Fed) decides to pause its easing...
Pulse Asia’s June 2025 survey revealed that inflation remains the most urgent national concern for Filipinos, while more respondents now cite the need to increase workers’ pay compared to the previous quarter. The survey results released on Thursday, July 17, showed that 62 percent of Filipino...
Controlling inflation is the top issue Filipino adults want President Ferdinand Marcos Jr. to discuss in his 2025 State of the Nation Address (SONA), based on a nationwide Pulse Asia survey released on Friday, July 11. Nearly one-third of respondents (32.9 percent) identified inflation as the main...
CEBU CITY – Inflation in Central Visayas dropped to its lowest so far this year, from 0.9 percent in May to 0.2 percent in June. The Philippine Statistics Authority-Central Visayas (PSA-7) said the 0.2 percent decrease was a dramatic slowdown compared to 4.8 percent in June 2024. The significant...
ILOILO CITY – The inflation rate in Western Visayas dropped in consecutive months in the first half of the year, the Philippine Statistics Authority-6 said on Tuesday. The agency said inflation went down from four percent in January to 0.6 percent in June. Inflation rate was 3.1 percent in...
Germany-based Deutsche Bank stated that the Bangko Sentral ng Pilipinas’ (BSP) cumulative 1.25-percent interest rate reductions have been unable to lift lending growth, as lower borrowing costs were not enough to outweigh persistent economic uncertainty. This follows BSP Governor Eli M. Remolona...
As manufacturers experience only mild producer price inflation, central banks in emerging markets (EMs), including the Philippines, are expected to cut interest rates some more in the near term. “Encouragingly, the price components of the PMIs [purchasing managers’ indices] fell again in June....
Citing elevated oil prices and the recent depreciation streak of the Philippine peso, the Bangko Sentral ng Pilipinas (BSP) raised its inflation forecast for June, with the upper band at nearly two percent. According to the BSP’s statement, released on Monday, June 30, consumer price increases...
A slightly higher inflation rate that remains below two percent in June would allow the Bangko Sentral ng Pilipinas (BSP) to cut interest rates some more in August, economists said. In a June 27 report, Deutsche Bank Research economist Junjie Huang said headline inflation could have inched up to...
