The government should now focus on addressing supply constraints that caused high inflation, as President Marcos’ chief economic manager pointed out that monetary policy has already done enough to reign in demand. Finance Secretary Benjamin E. Diokno said that slower inflation recorded in March...
The pace of consumer price increases slowed for the second consecutive month in March, an encouraging sign in the government’s effort to tame the most pressing issue hounding the Marcos administration. Data from the Philippine Statistics Authority (PSA) released Wednesday, April 5, showed that the...
HONG KONG/RIYADH  – Oil prices soared almost six percent in Asian trade Monday morning after major producers led by Saudi Arabia announced a surprise cut of more than one million barrels per day. The West Texas Intermediate contract jumped 5.74 percent to $80.01 a barrel,...
Filipino households are in for a breather as price of liquefied petroleum gas (LPG) will be trimmed by a significant P9.18 to P9.20 per kilogram (kg) this month, bringing to a total P100.98 to P101.20 aggregate reduction for the standard 11-kilogram cylinder for home cooking. LPG firms that already...
Fuel budgets of motorists this week will continue to be on downtrend, as prices at the pumps will be on rollback by P1.3 per liter for diesel products, and P0.85 per liter for gasoline products. The industry players similarly advised on a hefty P1.9 per liter reduction in the price of kerosene, a...
Consumers will continue to save on their fuel expenses next week, as oil companies have declared a fresh round of rollback at the oil pumps by Tuesday, March 28), the 13th week of price adjustments since the start of the year. According to industry players, gasoline prices will be trimmed by P0.65...
Moody’s Analytics sees no respite yet for Filipino consumers reeling from skyrocketing prices in recent months as demand for goods and services continued to outpace supply in the domestic market. In a research note on Monday, Feb. 20, Moody’s Analytics said high inflation will be sticking...
House Ways and Means chair and Albay 2nd district Rep. Joey Salceda on Tuesday, Feb. 7, warned that prices of fish and eggs will “remain elevated” throughout the year although he assured that inflation from February onwards will be lower compared to January. Eggs and fish (Pixabay/MANILA...
Aiming to help Filipinos who have been suffering due to rising prices of goods, a suggested retail price (SRP) has been issued for red onions, setting this at P125 per kilogram now which is much lower than the previous retail prices that even reached P600 per kilogram. Red onions (Photo courtesy of...
Increase in consumer prices further accelerated in January, defying all expectations that it had peaked last December, as food prices remained elevated coupled with costlier utilities and housing rentals, the Philippine Statistics (PSA) reported. Headline inflation accelerated further to 8.7...
House Speaker Martin Romualdez has threatened to have alleged hoarders of onions and other agricultural goods arrested if they refuse to participate in the congresssional inquiry on the soaring prices of the commodities. House Speaker Martin Romualdez stand up to get his point across during his...
Consumers will have lighter financial burden this week as the price of diesel product will be on a hefty rollback of P3.00 per liter, while gasoline will also be reduced by P2.10 per liter. For kerosene, which is the base for aviation fuel and also an essential commodity for other industries and...
