MANILA, Philippines—The hike in the minimum wage in Metro Manila is not expected to have a major effect on consumer prices in the country, according to the Bangko Sentral ng Pilipinas.
BSP Governor Amando Tetangco Jr. said the increase in the daily wage by P30 had been taken into consideration when the BSP made its inflation forecasts.
The government expects inflation, or the rate of increase in consumer prices, to range between 3 and 5 percent for 2012 and 2013.
Based on latest estimates by the BSP, inflation may average at 3.1 percent this year and 3.3 percent next year.
“This [latest wage hike] is broadly in line with the wage assumptions that have been incorporated in our central forecast. We continue to expect average inflation to be within target this year,” Tetangco told reporters.
According to the National Statistics Office, inflation averaged at 3 percent in the first four months of the year.
BSP, which is one of the agencies consulted by the regional wage boards in determining the appropriate increase in wages, said that the rise in workers’ pay will not pose a significant inflationary threat as long as it goes with the rise in labor productivity. –Michelle V. Remo, Philippine Daily Inquirer
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against
Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
