Inflation

12 Jul 2024 – More Filipinos disappointed with government’s inflation response

Published by rudy Date posted on July 12, 2024
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We keep telling you – “Monetary policy ineffective vs supply-driven inflation — NEDA” 10 Aug 2018

Published by rudy Date posted on June 23, 2024

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.

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28 May 2024 – Analysts trim down inflation expectations

Published by rudy Date posted on May 29, 2024
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13 Dec 2023 – Government gets lowest points in fighting inflation – survey

Published by rudy Date posted on December 13, 2023
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22 Oct 2023 – ‘High inflation to linger until 2025’

Published by rudy Date posted on October 23, 2023
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2 July 2023 – Economists see wage hikes stoking inflation

Published by rudy Date posted on July 2, 2023
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28 May 2023 – Marcos forms inter-agency body on inflation, market outlook

Published by rudy Date posted on May 29, 2023

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…

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6 Dec 2022 – Philippine inflation rate hits 14-year high of 8% in November 2022

Published by rudy Date posted on December 7, 2022
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12 July 2022 – Filipinos want Marcos gov’t to tame inflation first, boost wages — Pulse

Published by rudy Date posted on July 13, 2022

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…

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Price inflation, the pandemic, and economic dislocations

Published by rudy Date posted on October 20, 2021

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.

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Further spike in inflation seen

Published by rudy Date posted on September 9, 2021

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.

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Inflation spikes to 4.9%

Published by rudy Date posted on September 8, 2021

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.

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BSP rates unmoved, inflation target hiked

Published by rudy Date posted on August 13, 2021

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.

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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.

Published by rudy Date posted on June 15, 2021

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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Food, beverages, and transport chip in the most to inflation (recreational activities still negative)

Published by rudy Date posted on June 7, 2021

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High cost of city living

Published by rudy Date posted on May 25, 2021

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.

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Inflation to breach BSP target

Published by rudy Date posted on April 26, 2021

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.

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6 Mar 2021 – Inflation hits 2-year high as meat, oil prices spike

Published by rudy Date posted on March 6, 2021

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.

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Inflation hits 2-year high

Published by rudy Date posted on February 6, 2021

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.

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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://bit.ly/3p73EIJ

Published by rudy Date posted on January 22, 2021

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

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Inflation highest in nearly 2 years

Published by rudy Date posted on January 6, 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.

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Economists raise inflation forecasts

Published by rudy Date posted on November 2, 2020

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).

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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 jobs or have not returned to work.

Published by rudy Date posted on October 23, 2020

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…

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Despite easing inflation, high transport costs hurting poor more

Published by rudy Date posted on October 6, 2020

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.

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Inflation quickens to 2.7 percent in July

Published by rudy Date posted on August 5, 2020

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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Relaxed coronavirus rules push inflation up to 2.5% in June 2020

Published by rudy Date posted on July 7, 2020

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Poor hit hard by 2.9 percent food price inflation amid COVID-19 lockdown

Published by rudy Date posted on May 21, 2020

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.

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PH braces for inflation spike

Published by rudy Date posted on March 6, 2020

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.

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DTI to allow higher selling price of face masks

Published by rudy Date posted on February 7, 2020

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.

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Inflation for poor driven up by high demand during holidays

Published by rudy Date posted on January 24, 2020

By: Ben O. de Vera, Philippine Daily Inquirer, 24 Jan 2020 High demand pushed prices of basic goods upward at a quicker pace in the last holiday season, driving inflation among the poor to a five month high of 2.6 percent.

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