The rate of increase in consumer prices remained flat but above the government’s target for four consecutive months in April as food items, particularly pricey pork products, continued to drive inflation. The Philippine Statistics Authority (PSA) reported on Wednesday, May 5, that headline...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said inflation for the month of April could go as high as five percent from 4.5 percent in March, but could also be a low of 4.2 percent based on downside pressures. The BSP’s forecast range of 4.2 percent to 5.0 percent for...
Private sector economists raised its 2021 mean inflation forecast from 3.9 percent in February to 4.3 percent in March due to oil price movements, based on the Bangko Sentral ng Pilipinas (BSP) latest survey. The same analysts also revised higher its 2022 mean inflation forecast to 3.1...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Tuesday, (April 6) reiterated his call for government’s timely interventions to prevent the spillovers of inflation supply side pressures to higher transport costs. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno (MB...
The rate of increase in consumer prices softened in March this year after five consecutive months of acceleration, the Philippine Statistics Authority (PSA) reported on Tuesday, April 6. Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua The country’s headline inflation slowed from 4.7...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Wednesday that March inflation may have come down to 4.6 percent from 4.7 percent in February with government’s non-BSP actions and improved supply conditions. The 4.6 percent is BSP’s point inflation projection while its...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the government’s non-monetary measures such as reducing import tariff on pork may pull the inflation forecast lower to below four percent this year. Last week, the Monetary Board raised the average inflation forecast for 2021 to...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday that the inflation rate will reach its peak in the second quarter months of April to June and that so far, there is limited evidence of second-round effects. A vegetable seller tends to a client at Paco Market. A vegetable...
Those of us who remember the fast rising prices of 2018, when the inflation rate hit a high of 6.8 percent in September, are now looking with some concern over the report this weekend that inflation just hit a two-year high of 4.7 percent. The Consumer Price Index went up to 2 percent last January....
Market competition to fight rising inflation The Department of Finance (DOF) wants to further relax the country’s trade barriers imposed on regulated products to provide more competition amid rising prices of consumer products in the domestic market. In his latest economic bulletin,...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they will give extra scrutiny in assessing any emerging long-term inflationary pressures due to the higher oil and some food prices when they deliberate policy settings this month. “The Monetary Board will consider carefully...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said he is not worried yet about an inflationary growth as the economy is trying to get off the ground on the back of a supply side-driven rising inflation. “Right now, inflation expectations are well-anchored but we continuously...
