Short-term benchmark interest rates sharply dropped anew, now below the local policy rate of 6.50 percent. At the Bureau of the Treasury auction on Tuesday, Nov. 28, the national government fully awarded its P10 billion offering. Total demand reached P72.215 billion, more than seven times higher...
Growth in the bulk prices of general goods slowed in September this year as food price growth eased, the Philippine Statistics Authority (PSA) reported. Based on the PSA data, the General Wholesale Price Index (GWPI) in the country dropped to 4.4 percent from 5.0 percent in August. It is also lower...
ILOILO CITY – The inflation rate in Western Visayas dropped 1.2 percent from 6.6 percent in September to 5.4 percent in October, the Philippine Statistics Authority (PSA)-6 said. VENDORS sell fruits and vegetables at the Iloilo Provincial Capitol grounds. (Tara Yap) “The downtrend in the...
Albay 2nd district Rep. Joey Salceda (Facebook) The administration of President Marcos has regained a position of strength, economist-congressman Joey Salceda of Albay's 2nd district said Thursday, Nov. 9. Salceda gave this assessment in light of the...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) Economist-solon Albay 2nd district Rep. Joey Salceda identified on Tuesday, Nov. 7 the three factors that contributed greatly to the lowering of inflation rate to 4.9 percent for the month of...
President Marcos' chief economic manager said the government's swift and resolute actions to combat inflation were responsible for the considerable decrease in consumer prices recorded in October. In a statement, Finance Secretary Benjamin E. Diokno lauded the 4.9 percent headline inflation...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez highlighted on Tuesday, Nov. 7 the "tangible benefits" of having a slower inflation. This, as Romualdez welcomed the easing of inflation by a significant 1.2 percentage...
Filipino consumers finally received some relief from the persistent price increases they had been facing since the start of the year, as the government's report highlighted a significant slowdown in the inflation of food prices. The latest inflation report released by the Philippine...
The country registered a slowdown in consumer price inflation in October, but the persistent struggle with high living costs remains a pressing concern for many Filipino consumers. The Philippine Statistics Authority (PSA) reported on Tuesday, Nov. 7, that the inflation rate eased to 4.9 percent,...
The pace of price increases at retail stores in Metro Manila slowed in September, the Philippine Statistics Authority (PSA) reported. Prices in the National Capital Region (NCR), as measured by the general retail price index (GRPI), increased by 3.6 percent year-on-year, down from 3.9 percent in...
ILOILO CITY – The inflation rate in Western Visayas went up for the second straight month, the Philippine Statistics Authority (PSA) said. A STALL at La Paz Public Market in Iloilo City. (Tara Yap) The PSA-6 said the region logged a 6.6 percent inflation rate in September, up 0.5 percent from 6.1...
(MANILA BULLETIN) House Speaker Martin Romualdez has called on his fellow public servants in government to "cushion [the] impact of rising prices and inflation" for Filipinos and to "focus on service in these trying times". "Now, more than ever, is the time...
