Inflation

by ABS-CBN News, May 17 2018 MANILA – Inflation in the Philippines may hit 6 percent in August this year because of a number of factors, an economist at Standard Chartered said Thursday.

Blame global oil prices, not TRAIN for inflation — DOF These numbers support their claim that tax reform isn’t the culprit. The Department of Finance dismissed critics of the Tax Reform for Acceleration and Inclusion (TRAIN) law, saying that it is not the biggest factor driving prices of goods up.

By: Ben O. de Vera WITH A REPORT FROM LEILA B. SALAVERRIA, Philippine Daily, May 11, 2018 High consumer prices weighed down Philippine economic growth in the first quarter to 6.8 percent, or below government’s full-year target, the country’s chief economist said on Thursday.

By: Ben O. de Vera, Philippine Daily Inquirer, May 09, 2018 The International Monetary Fund (IMF) has further raised its inflation forecasts for the Philippines in the next two years such that the multilateral lender cautioned monetary authorities to carefully watch the recent faster rate of increase in prices of basic goods.

by By Melissa Luz T. Lopez, BusinessWorld, May 7, 2018 THE BANGKO SENTRAL ng Pilipinas (BSP) may raise interest rates this week after nearly four years of staying on hold, with inflation hitting five-year highs and showing slim signs of slowing over the coming months, analysts said in a BusinessWorld poll.

Average rate in first 4 months breaches gov’t target By: Ben O. de Vera, Philippine Daily Inquirer, May 05, 2018 Inflation rose to 4.5 percent year-on-year in April, the fastest pace in more than five years, mostly on the back of a jump in prices of “sin” products, the government reported Friday.

by Christine Joyce S. Castañeda, BusinessWorld, May 4, 2018 Consumer prices rose to its fastest pace in more than five years in April, the government reported this morning.

By: Ben O. de Vera, Philippine Daily Inquirer, May 02, 2018 For poor families, consumer prices rose at their fastest pace in over three years during the first quarter mainly on the back of higher food, beverage and cigarette costs, the government reported Monday.

by Ian Nicolas Cigaral (philstar.com) – Apr 24, 2018 MANILA, Philippines — The country’s policymakers on Tuesday said they expect the Philippine peso to trade at a range of P50 to P53 against the dollar this year until 2022 amid the normalization path taken by the US Federal Reserve.

By: Daxim L. Lucas, Philippine Daily Inquirer, Apr 24, 2018 Amid criticism that it failed to act preemptively to keep price hikes in check, the Bangko Sentral ng Pilipinas on Tuesday gave the strongest indication yet that it is ready to increase its key interest rate in a bid to rein in inflation which currently…

by Lawrence Agcaoili (The Philippine Star) – Apr 8, 2018 MANILA, Philippines — Economists now see inflation surpassing the four percent upper target set by the Bangko Sentral ng Pilipinas (BSP), which may prompt monetary authorities to raise interest rates as early as this quarter.

By: Daxim L. Lucas – Reporter / @daxinq Philippine Daily Inquirer, Apr 05, 2018 The central bank has finally hinted at acting against the accelerating pace of price increases in the country, hours after the government announced that the March inflation rate blew past official estimates to hit a five-year high.

By: Ben O. de Vera, INQ Inquirer Business, Apr 05, 2018 Consumer prices rose 4.3 percent in March or above the government’s 2-4 percent target range for 2018 on the back of a double-digit jump in prices of “sin” products last month.

by Daxim L. Lucas, Inquirer, Mar 26, 2018 Confidence among Filipino consumers — traditionally some of the most profligate in the region — nearly evaporated in the first quarter of the year, with most citing rising prices of goods and services as the main reason for the decline in their optimism.

by Daxim L. Lucas, Inquirer, Mar 23, 2018 Despite all the talk of increasing prices of goods and services — and the actual headline inflation rates having risen these above expectations these last two months — the central bank yesterday said it expects the situation to normalize by next year.

by Daxim L. Lucas, Inquirer, Mar 6, 2018 It may get worse before it gets better. The central bank on Tuesday said that the pace of increases in the prices of goods and services in the country will likely remain high for the rest of the year before normalizing in 2019 once so-called “transitory effects”…

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by Gutierrez, Angelo, Mar 3, 2018 Manufacturers of canned sardines will ask the government for a price increase because of higher production costs due to the Tax Reform for Acceleration and Inclusion (TRAIN) Law.

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Brace for more: DOF says TRAIN has yet to impact inflation Businesses’ compliance to higher taxes on cigarettes and not the impact of tax reform is the main factor for the big jump of Philippines’ inflation rate in January 2018 to 4 percent from 3.3 percent in December 2017.

by Ben O. de Vera, Inquirer, Feb 9, 2018 The Bangko Sentral ng Pilipinas expects inflation to average 4.3 percent this year and breach the 2-4 percent projected range due to the impact on consumer prices of the first tax reform package and the expected oil price hikes.

by Daxim L. Lucas, Inquirer, Feb 1, 2018 Monetary planners are keeping a careful watch on potential “second round” effects on the Duterte administration’s tax hikes that were implemented last month in a bid to keep prices of goods and services from rising more than they should, the country’s central bank chief said on Thursday.

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by Ben O. de Vera, Inquirer, Jan 5, 2017 Inflation rose to a three-year high of 3.2 percent in 2017 mainly as the prices of food and utilities as well as transportation costs increased faster last year, the government reported Friday.

By: Ben O. de Vera – Reporter, Philippine Daily Inquirer, Dec 27, 2017 Replacing the import quota on rice with a 35-percent tariff on the Filipino staple will offset the increase in inflation resulting from the first tax reform package, the Bangko Sentral ng Pilipinas said.

by Philippine Daily Inquirer, Aug 11, 2017 Monetary authorities yesterday kept key policy rates steady but slightly raised inflation forecasts for the next three years mainly on expectations of higher oil prices.

By Lawrence Agcaoili (The Philippine Star), October 27, 2016 Based on preliminary estimates, BSP Deputy Governor Diwa Guinigundo said the higher excise tax on petroleum products, the corresponding rise in transport fares, and higher electricity rates would stoke inflation by 0.47 percent next year and by 0.43 percent in 2018.

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) vowed to ensure that monetary policy would remain consistent with the economy’s momentum for sustained non-inflationary growth.

THE PRICES of basic goods and services rose at their fastest pace in seven months last December, but at a rate that allowed the year 2015 to post the lowest full-year inflation of 1.4 percent in nearly three decades.

MANILA, Philippines – Inflation kicked up to a seven month high of 1.5 percent in December from 1.1 percent in November amid the continued increase in food prices, the Philippine Statistics Authority (PSA) reported yesterday.