As inflation hit a three-year high of 5.4 percent in May 2022 , Albay 2nd Rep. Joey Salceda called for urgent action in alleviating the financial burden on the indigent sector, specifically pointing out nutrition and food security. Albay 2nd district Rep. Joey Salceda (File photo/ MANILA BULLETIN)...
The rate of increase in consumer prices accelerated to a fresh three-year high in May as the worsening inflationary pressures globally continued to eat into Filipinos’ purchasing power. The Philippine Statistic Authority (PSA) reported on Tuesday, June 7, that headline inflation jumped to 5.4...
Motorists with diesel-fed vehicles will experience relief as this fuel commodity will be on a hefty rollback of P3.00 to P3.20 per liter next week, based on the calculation of the oil companies. Another product that will have significant price decline is kerosene at the scale of P2.00 to P2.20 per...
Malacañang said it would step up its game to address the socioeconomic concerns of the country after the Philippine Statistics Authority (PSA) reported the country's highest inflation rate since January 2019. (FILE PHOTO) Communications Secretary Martin Andanar made this statement after the...
In what can be described as his last-minute appeal before the polls, Albay 2nd district Rep. Joey Salceda asked Filipinos on Thursday, May 5 to pick leaders who can "competently handle" the country’s upcoming fiscal and economic challenges. Albay 2nd district Rep. Joey Salceda (File photo/ MANILA...
The rate of increase in consumer prices quickened in April, hitting its highest level in more than three-years, due to higher food and fuel costs, the Philippine Statistics Authority (PSA) reported on Thursday, May 5. The country's headline Inflation clocked in at 4.9 percent last month, faster...
The ongoing geopolitical conflict in Eastern Europe would further complicate the lingering effects of the African Swine Fever (ASF) on consumer prices, the Department of Finance (DOF) said. In a DOF Economic Bulletin released on Sunday, April 24, Finance Chief Economist Gil S. Beltran said that the...
Inflation in the country is projected to surpass government’s target of 2-4 percent this year, owing mainly to skyrocketing fuel and food prices, the ASEAN+3 Macroeconomic Research Office (AMRO) reported. During the Regional Economic Outlook virtual briefing on Tuesday, April 12, Hoe Ee Khor,...
ILOILO CITY -- Prices of basic commodities in Western Visayas region rose dramatically in March this year. A vendor wearing a face shield sells vegetables at a market in Iloilo City. (Photo courtesy of Tara Yap / Manila Bulletin) According to the Philippine Statistics Authority (PSA), the inflation...
Consumer prices quickened at a much faster pace in March amid skyrocketing fuel costs. The Philippine Statistics Authority (PSA) reported Tuesday, April 5, that headline inflation clocked in at 4.0 percent last month, jumping from 3.0 percent in February, but marginally slower compared with 4.1...
UniTeam senatorial candidate Herbert “Bistek” Bautista on Friday urged the Bangko Sentral ng Pilipinas (BSP) to help keep inflation rates in check as the war in Ukraine is making an impact on Filipinos who are still recovering from the effects of the Covid-19 pandemic. Bautista said there is no...
Heightened domestic demand is expected to cushion the impact of the Russia-Ukraine conflict on the economy in the first semester of the year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. FMIC and UA&P said that while Russian...
