It will be an early Christmas gift President Rodrigo Duterte will be giving Filipinos if he heeds appeals for the suspension of the imposition on excise tax on petroleum products amid the continued rise in fuel prices. Rep. Jesus 'Bong' Suntay House Deputy Majority Leader and Quezon City Fourth...
OF SUBSTANCE AND SPIRIT Diwa C. Guinigundo In Pulse Asia’s latest survey covering quarterly rating from September 2020 to September 2021, the Duterte administration scored the lowest approval in controlling inflation. From September 2020’s rating of 63 percent, controlling inflation slumped to...
The delayed implementation of the reduced tariff on pork importation and higher import cap is slowing down the pace of food price reduction, the Department of Finance (DOF) said. Finance Undersecretary Gil S. Beltran said the nearly three-month delayed application of Executive Order No. 128...
The Department of Finance (DOF) said that most private sector institutions have overshot their September inflation forecasts, noting that analysts appeared to have expected the worst last month. In a statement, the DOF said on Monday, Oct. 11, that analysts from the private sector had a median...
Consumer prices rose at a slower pace last month brought about by softer costs of transportation as well as food and beverages, the Philippine Statistics Authority (PSA) announced on Tuesday, Oct. 5. 15INFLATION The country’s headline inflation eased to 4.8 percent in September from 4.9 percent...
Consumer prices last month eased to 4.8 percent, the Philippine Statistics Authority (PSA) reported. (MANILA BULLETIN FILE PHOTO) The September inflation rate is lower than the 4.9 percent in the previous month, but quicker compared with the 2.3 percent rise of a year ago. Last month's average...
As August inflation rises to its fastest rate since January 2019, Senator Francis Pangilinan urged the proper implementation of Sagip Saka Act, which he said is one of the ways that could help stabilize food prices especially amid the prevalence of the pandemic. “With the rise in prices, the...
Consumer prices quickened at a much faster pace last month due to costlier food items. Vegetable seller The Philippine Statistics Authority (PSA) reported Tuesday, Sept. 7, that headline inflation clocked in at 4.9 percent in August, faster than the 4.0 percent seen in the previous month and 2.4...
The National Economic and Development Authority (NEDA) said the government is ensuring stable and affordable food prices amid the implementation of the enhanced community quarantine (ECQ) in Metro Manila and stricter quarantines throughout the country. Screen Shot 2021-08-06 at 1.42.20 PM In a...
Consumer prices rose at a slower pace last month, sliding back within the government’s target range for the first time this year, owing to easing price hikes for transportation, the Philippine Statistics Authority (PSA) reported. National Statistician Claire Dennis Mapa said Thursday, August 5,...
Results of the central bank’s survey of private sector economists showed a lower 4.1 percent mean inflation forecast for 2021, down from its previous (March) survey of 4.3 percent. “Analysts expect inflation to gradually move towards the government’s target range in 2021, with risks to...
The Department of Finance (DOF) expects the elevated rate of increase in food prices would peak this month due to rising volume of meat imports that boosted domestic supply. In a statement on Wednesday, July 14, Finance Undersecretary and Chief Economist Gil S. Beltran said that food price...
