Rising prices of pork and chicken during the holiday season, coupled with the continued impact of African Swine Fever (ASF), drove up the Philippines’ inflation rate in November, the Philippine Statistics Authority (PSA) reported. National Statistician and PSA Undersecretary Claire Dennis S. Mapa...
ILOILO CITY – The inflation rate in Western Visayas region for October went up by 0.5 percent to 3.9 percent from 3.4 percent in September. The Philippine Statistics Authority (PSA)-6 attributed this to higher prices of food and non-alcoholic beverages. A vegetable vendor in Iloilo City. (Tara...
Albay 2nd district Rep. Joey Salceda (Ellson Quismorio/ MANILA BULLETIN) Economist-solon Albay 2nd district Rep. Joey Salceda says President Marcos ultimately made the right call in enforcing a huge reduction on rice tariffs, since the move is...
By Derco Rosal The country's inflation rate rose to 2.3 percent from September’s four-year low of 1.9 percent due to soaring rice prices which jumped following recent calamities including Severe Tropical Storm (STS) Kristine and Super Typhoon Leon. October's inflation pushed the 10-month...
The Bangko Sentral ng Pilipinas (BSP) said the country’s inflation rate is moving in a decelerating path as expected and will be closer to two percent, which is the low end of the target range, in the next months. On Tuesday, Nov. 5, the BSP said the October inflation of 2.3 percent — although...
The Bangko Sentral ng Pilipinas (BSP) said on Thursday, Oct. 31, that the rate of increase in consumer prices is expected to rise in October after two months of decline, largely due to higher food and fuel prices. In a statement, the BSP projected that October's inflation rate would likely...
Ikano Retail, the parent company of IKEA Philippines, reported a modest decline in revenues due to rising consumers prices. Christian Roejkjaer, Ikano Retail chief executive officer, said the company closed its financial year ending Aug. 31 in the Philippines with a turnover of EUR141 million...
ILOILO CITY – The inflation rate in Western Visayas dropped to 3.3 percent in September, the Philippine Statistics Authority-6 said on Thursday, October 10. A VEGETABLE vendor in Iloilo City. The inflation rate in Western Visayas dropped in September to 3.3 percent. (Tara Yap) Nida Amolar, PSA-6...
By DERCO ROSAL UK-based banking giant HSBC announced that the battle to control surging inflation in the country has been won. “We think the BSP's [Bangko Sentral ng Pilipinas] inflation battle is finally over,” the bank stated, following the sharp decline in inflation in September. HSBC...
Downward Philippine inflation in the near term would be slightly offset by the new law imposing 12-percent value added tax (VAT) on digital services, Singapore-based United Overseas Bank (UOB) said. In an Oct. 4 report, UOB senior economist Julia Goh and economist Loke Siew Ting noted that there is...
The drop in Philippine inflation reflects weaker demand as consumers' pockets hurt by high prices and interest rates dry up, according to Deutsche Bank Research. Citing the over four-year low headline rate, Deutsche Bank's economist for the Philippines Junjie Huang said in an Oct. 4 report that "if...
The Marcos Administration vowed to sustain inflation deceleration measures to keep the prices of goods stable ahead of the holiday season, the Presidential Communications Office (PCO) said. People shopping at Maypajo Market in Caloocan City. (Arnold Quizol) This came after the Philippine...
