The deceleration in price increases last January was a welcome development, but the Department of Finance (DOF) warned that the economy should still keep a close watch on oil price movements. In a research note, Finance Chief Economist Gil S. Beltran said on Thursday, Feb. 17, that headline...
Senatorial aspirant and former Quezon City mayor Herbert Bautista on Sunday called on the national government to revise its Pantawid Pamilyang Pilipino Program or 4Ps in a bid to protect poor Filipino families from increasing prices of food. He made the appeal after data from the National Economic...
Consumer prices rose at a slower pace in January brought about by milder costs of household utilities as well as restaurants and accommodation services. The Philippine Statistics Authority (PSA) reported on Friday, Feb. 4., that the headline inflation went down to 3.0 percent in January 2022 from...
The Department of Finance (DOF) expects inflation to gradually trend downward in the coming months as the government implements programs aimed at mitigating food supply concerns. Finance Undersecretary and Chief Economist, Gil S. Beltran, said the further deceleration of inflation to 3.65 percent...
The Department of Finance believes the Philippines should continue to import pork as the local hog industry has yet to recover from the African swine (ASF) outbreak. Finance Undersecretary and Chief Economist Gil S. Beltran said on Thursday, Jan. 13, that the country “definitely” needs to...
Consumer prices last year rose at a much faster pace than government had predicted even as inflation eased to its lowest monthly rate in December, data from the Philippine Statistics Authority (PSA) showed. The country’s headline inflation clocked in at 3.6 percent last month, the lowest posted...
The Department of Finance (DOF) is calling for the passage of the Warehouse Receipts Bill to professionalize the industry as well as help the country in attaining food security. In a DOF Economic Bulletin on Sunday, Dec. 26, Finance Undersecretary and Chief Economist Gil S. Beltran said storage,...
The Department of Finance (DOF) urged authorities to be “more liberal” with importations after prices of meat and fish rose at a much faster pace in November compared with the previous month. In an Economic Bulletin on Monday, Dec. 13, Finance Chief Economist Gil S. Beltran noted that meat...
And the promising projections keep coming for the Philippines. Cabinet Secretary Karlo Nograles (Screenshot from Facebook live) Cabinet Secretary and Acting Presidential Spokesperson Karlo Nograles reported on Tuesday, Dec. 7 that New York-based think tank Global Source Partners has pegged the...
The rate of increase in consumer prices continued to decelerate for the third straight month in November due to slowdown in food costs, the Philippine Statistics Authority (PSA) reported. The headline inflation rate further eased to 4.2 percent last month from 4.6 percent in October, but still...
The next Department of Finance (DOF) head needs to keep a close eye on four pressing issues, such as public debt, inflation, exacerbated inequality and climate change, President Duterte’s chief economic manager said. Eight months before the term of the Duterte administration ends, Finance...
Consumer prices last month rose near the lower end of a government forecast owing to slower increase in food prices, the National Economic and Development Authority (NEDA) reported on Friday, Nov. 5. Data from the Philippine Statistics Authorty showed that prices increased 4.6 percent in October,...
