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...
Consumer should brace themselves for further acceleration in prices as the Philippines continues to face inflationary pressures from both food and non-food items, the Department of Finance (DOF) said. Finance Chief Economist Gil S. Beltran said effects of the African swine fever (ASF) continues to...
Targeted relief interventions would better help cushion the impact of inflationary pressures arising from the Russia-Ukraine crisis, the National Economic and Development and Development (NEDA) said. While calls to increase wages and fares to help minimum wage workers and public transport operators...
Presidential aspirant Vice President Leni Robredo on Thursday, March 10, proposed a review of the country’s minimum wage, which has not moved since 2019, to “cushion” the blow of the rising fuel prices arising from Russia’s invasion of Ukraine. Vice President Leni Robredo (VPLR Media...
Consumer prices remained steady at 3.0 percent in February due to slower inflation for food items, but economists warned that the uptick will likely accelerate in the coming months on skyrocketing oil prices as war continues to rage in Ukraine. The Philippine Statistics Authority reported on...
Senator Francis Tolentino on Monday said the country must brace for the economic impact of the Ukraine-Russia crisis by beefing up current measures. According to Tolentino, the National Economic and Development Authority (NEDA) and the National Security Council (NSC) should come up with a game plan...
