Inflation

https://www.philstar.com/headlines/2024/07/22/2371921/inflation-still-top-concern-most-pinoys

by Czeriza Valencia (The Philippine Star) – Aug 10, 2018 MANILA, Philippines — An aggressive monetary policy could prevent second-round effects of rising inflation, but would have little impact on nipping the source of domestic inflationary pressure, the National Economic and Development Authority (NEDA) said yesterday.

BY ARGYLL CYRUS GEDUCOS May 28, 2023 07:35 AM The Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO) will serve as an advisory body on measures that would keep inflation, particularly of food and energy, within the government’s inflation targets. The Economic Development Group (EDG) shall harmonize, coordinate, complement, and synergize efforts to ensure the…

Ramon Royandoyan – Philstar.com July 12, 2022 | 2:39pm MANILA, Philippines — Amid harsh economic conditions, majority of Filipinos want the Marcos administration to prioritize taming inflation and boosting wages, according to a new Pulse Asia survey released Tuesday. Results of a nationwide poll of 1,200 adults conducted from June 24 to 27 showed 57% of…

by Gerardo P. Sicat – The Philippine Star, 20 Oct 2021 Inflation rates this year have been higher than expected by monetary authorities. The target band rate of two to four percent has been met only once so far. The actual rates of inflation have been above the target range.

by Louise Maureen Simeon – The Philippine Star, 9 Sep 2021 MANILA, Philippines — The latest spike in inflation may not be the last as a further reacceleration for the remainder of 2021 is expected, with the country yet to fully feel the impact of rising global commodity prices.

by Louise Maureen Simeon – The Philippine Star, 8 Sep 2021 Highest in nearly 3 years MANILA, Philippines — Inflation moved at a faster pace in August, jumping to nearly five percent to reach its highest level in almost three years amid more expensive food products and higher energy costs during the month.

by Lawrence Agcaoili (The Philippine Star), 13 Aug 2021 MANILA, Philippines — Interest rates remained at record lows as the Bangko Sentral ng Pilipinas (BSP) continued to maintain an accommodative monetary policy stance until the economy fully recovers from the pandemic-induced recession.

BSP Governor Benjamin Diokno on inflation: Our latest inflation forecast is likely to settle at 3.9% in 2021 & 3% in 2022. Both within the 2 to 4% target range. pic.twitter.com/g0HuJB0MYk — Warren de Guzman (@wddeguzman) June 15, 2021

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BY RUBEN CRUZ JR., 25 May 2021 The families of workers receiving fixed wages would not be surprised at all with the findings of a recent study, which showed Manila as the third most expensive city among six cities in Southeast Asia despite having the lowest average salary.

by Lawrence Agcaoili (The Philippine Star), 26 Apr 2021 MANILA, Philippines — Economists of private banks expect inflation to breach the upper end of the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP) for this year amid supply disruptions and rising global crude oil prices.

by Louise Maureen Simeon, Lawrence Agcaoili (The Philippine Star), 6 Mar 2021 MANILA, Philippines — Inflation quickened for the fifth straight month in February to a new two-year high of 4.7 percent as prices of meat and oil products continue to rise, the Philippine Statistics Authority (PSA) reported yesterday.

by Czeriza Valencia (The Philippine Star), 6 Feb 2021 Jumps to 4.2% in January MANILA, Philippines — Prices of basic goods and services rose for the fourth straight month to reach a two-year high in January, driven by higher food and transportation costs, the Philippine Statistics Authority (PSA) said yesterday.

Year-on-year inflation rose to an ave. of 3.1% in Q4 2020 from the year- and quarter-ago rates of 1.6% and 2.5%, respectively. Bringing full-year average inflation to 2.6%, w/in the National Govt’s target range of 3.0% ± 1.0 percentage point for the year. https://t.co/1Gb5ofgs5O pic.twitter.com/O13tdDJZqO — Bangko Sentral (@BangkoSentral) January 22, 2021

by Czeriza Valencia (The Philippine Star), 6 Jan 2020 MANILA, Philippines — Prices of basic goods and services went up for the third straight month in December to reach a near two-year high at 3.5 percent, driven by higher cost of food and transportation, the Philippine Statistics Authority (PSA) said yesterday.

by Lawrence Agcaoili (The Philippine Star), 2 Nov 2020 MANILA, Philippines — Economists of private banks have raised their inflation forecasts for 2020 as recovery starts following the government’s decision to gradually reopen the economy, according to the Bangko Sentral ng Pilipinas (BSP).

30 Aug 2020 – What does it matter – the ‘low’ inflation rate – when, in COVID-19,  households are buying different commodities from what were in the CPI basket in 2018. True, nominally, minimum wage earners have lost buying power (about P15 in Metro Manila), but little consolation for those millions who have lost their…

by Ben O. de Vera, Philippine Daily Inquirer, 6 Oct 2020 Headline inflation eased to a four-month low of 2.3 percent year-on-year in September but the lack of public transportation, especially in Metro Manila, pushed transport costs to a 22-month high, hurting poor households the most.

By: Cathrine Gonzales, INQINQUIRER.net, 5 Aug 2020 MANILA, Philippines — The country’s headline inflation “continued to exhibit a faster pace” as it picked up to 2.7 percent in July, the Philippine Statistics Authority (PSA) said Wednesday.

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by Ben O. de Vera, 21 May 2020 Faster food price inflation amid the COVID-19 lockdown last April hurt the pockets of poor families as they had to shell out more despite many of them losing jobs and relying on government dole outs.

By: Ben O. de Vera , Philippine Daily Inquirer, 6 Mar 2020 Even as inflation eased to 2.6 percent in February, the Philippines is bracing for faster-than-expected increases in consumer prices as China’s manufacturing sector reels from the impact of the COVID-19 outbreak.

By CNN Philippines Staff, 7 Feb 2020 The Department of Trade and Industry will soon allow vendors to sell face masks at higher prices amid rising cost of raw materials.