First, the good news: Inflation slowed to 4.1 percent in June. This is lower than the inflation rate of 4.5 percent in March, April and May, but quicker compared with 2.5 percent in June 2020. The Bangko Sentral ng Pilipinas, whose primary goal is to ensure monetary stability, is cautiously...
Consumer prices rose at a slow pace in June brought about by moderate rise in transport cost, the Philippine Statistics Authority (PSA) reported. After the rate of increase in consumer prices rose at a steady pace for three straight months, the country’s headline inflation went down to 4.1...
Consumer prices rose at a slower pace in June brought about by moderate upward price movement of transportation services, the Philippine Statistics Authority reported on Tuesday, July 6. The country’s headline inflation slowed to 4.1 percent last month from 4.5 percent in May. The June figure was...
The Department of Finance (DOF) is "strongly objecting" to the appeals for President Duterte to recall his executive order (EO) that reduced the tariffs of imported rice, saying its benefits would outweigh the revenues that the government will lose. (Mark Balmores/MANILA BULLETIN File Photo) The...
The Department of Finance (DOF) estimated that the rate of increase in consumer prices, which has been stuck at higher levels for three consecutive months, would decline for the first time in June amid diminishing low-base effect. Finance Undersecretary and Chief Economist Gil S. Beltran said on...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Friday that risks to the inflation outlook remains “broadly balanced” but also crucial for inflation control that there is enough meat in the coming months. “(The) projected decline of inflation depends crucially on the timely...
The rate of increase in consumer prices was steady for the third straight month in May, but remained above the Duterte administration’s target, data from the Philippine Statistics Authority (PSA) showed on Friday, June 4. The country’s headline inflation clocked in at 4.5 percent last month,...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Monday (May 31) that they see a lower inflation for May of 4.4 percent based on BSP’s point inflation projection for the month. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB file) While still above the...
Inflation rate for the month of May is projected to remain steady at 4.5 percent, same rate in April and March, said economist Robert Dan Roces of Security Bank Corp. Roces expects a range of a low 4.3 percent to a high of 4.7 percent for the May consumer price index. “We expect that...
The country's tariff rates on imported rice and pork products will be adjusted for a year in a bid to boost food supply and keep prices affordable, Malacañang announced Saturday. President Rodrigo Duterte skims through a document as he presides over a meeting with the Inter-Agency Task Force on...
The Department of Finance (DOF) expects non-food inflation to continue inching up in the coming months due to base effects from record low prices of petroleum products last year. In the latest DOF economic bulletin, Finance Undersecretary Gil S. Beltran noted that non-food price inflation went up...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said inflation expectations remain well-anchored to the two-four percent BSP target despite above four-percent inflation since January. Diokno, quoting the central bank's Department of Economic Research (DER) on the 4.5 percent April...
