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
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
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
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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