Inflation

MANILA, Philippines – Prices of basic goods are seen to remain stable even as the government approved a pay hike for minimum wage earners in Metro Manila, the Department of Trade and Industry (DTI) said.

Inflation expected to remain within target MANILA, Philippines – While commodity prices are rising due in large part to congestion in roads and key ports in Metro Manila, the Bangko Sentral ng Pilipinas said the full-year average inflation will remain within the government’s target.

(Updated 10:35 a.m.) With three days to go before President Benigno Aquino III delivers his State of the Nation Address, pollster Pulse Asia released results of a new survey showing his administration getting a poor mark in what Filipinos deem a top national concern—controlling inflation.

INFLATION surprisingly eased in June but the central bank may continue to tweak its policy with food prices expected to continue climbing. Philippine Statistics Authority (PSA) data released on Friday showed consumer prices rising by 4.4% last month, slowing from 4.5% in May but accelerating from the 2.7% recorded a year earlier.

MANILA, Philippines – Inflation is seen remaining within the three to five percent target despite the jeepney fare adjustments set to take effect on June 14, the Bangko Sentral ng Pilipinas said.

There is optimism in the government that consumer prices should prove manageable during the year and that the rate of change in prices will likely fall within the target range this year no matter the more recent variables as the approved transport-fare hike for jeepneys, for instance, the central bank said.

THE MONETARY BOARD kept key interest rates steady during its first policy meeting for the year but adjusted its 2014 and 2015 inflation forecasts. The Bangko Sentral ng Pilipinas’ (BSP) overnight borrowing and lending rates were maintained 3.5% and 5.5%, respectively, for a 10th straight meeting, with monetary authorities contending that inflation remained manageable.

INFLATION FORECASTS for this year and the next will likely be revised next month, a senior Bangko Sentral ng Pilipinas (BSP) official said, given the suspension of a hefty Manila Electric Co. (Meralco) rate increase.

Philippine inflation jumped its highest in two years as all commodity groups tracked by the National Statistics Office registered higher annual increases, except communication, recreation and culture, and education.

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MANILA, Philippines – The peso’s current weakness is not likely to significantly impact on inflation, a Bangko Sentral ng Pilipinas official said.

MANILA, Philippines – Inflation eased to its slowest pace in nearly four years in July as the bulk of basic commodities posted slower price increases, giving the Bangko Sentral ng Pilipinas (BSP) enough reason to keep interest rates low.

MANILA – The governor of the Philippine central bank said on Thursday that inflation expectations were well anchored and that it would monitor foreign exchange markets to ensure price moves were not excessive.

Philippine consumer prices is seen to climb slightly in 2013 as the inflation rate is expected to average at 3.8 percent, according to the latest report of the state think tank Philippine Institute for Development Studies (PIDS).

STEEP PRICE INCREASES in the real estate sector are creating “pockets of concern” but overall there is no cause for alarm just yet, a Bangko Sentral ng Pilipinas (BSP) official said.

IT ONLY TAKES nine minutes for a worker in Tokyo (Japan) to earn enough to buy a Big Mac but a wage earner in Manila will have to toil eight times longer or 73 minutes to be able to afford the same item, according to a UBS study.

MANILA – (UPDATED 4:57 p.m.) The country’s stellar economic performance is likely to take a turn for the worse in the short term, according to the National Economic and Development Authority, which on Wednesday said Typhoon “Gener” and the ongoing monsoon rains will not only slow down growth, but also push up prices at a…

MANILA, Philippines – After easing to its lowest level in 29 months, the Bangko Sentral ng Pilipinas (BSP) sees inflation rising due to soaring oil prices, higher food prices, and the continued weakening of the peso against the US dollar.

Following the drop in inflation rate to 3.9 percent last month, the National Economic and Development Authority (Neda) expects commodities price level to settle within the Philippine Development Plan 2011 to 2016 target of three to five percent for 2012, using the 2000-based Consumer Price Index (CPI) series.

MANILA, Philippines – Private economists further slashed their inflation forecast for the Philippines this year and next on the back of fragile global economic growth due to weaker than expected expansion in advanced economies led by the US and Europe, a survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed.

Inflation rate in December decelerated to an 11-month low of 4.2 percent from 4.8 percent in November as increases in food prices and utility rates slowed, the National Statistics Office said Thursday.

Inflation rate in November likely settled within a range of 4.5 percent to 5.4 percent, according to the estimate of the Bangko Sentral.

MANILA, Philippines – Economists further slashed their inflation forecast for the Philippines this year on the back of fragile global economic growth due to weaker than expected expansion in advanced economies led by the US and the debt crisis in Europe, a survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed.

PRIVATE sector economists have mixed inflation trends for 2011 and next year, but are still within the target ranges of the government for both years, a survey conducted by the Bangko Sentral ng Pilipinas showed.

Despite the devastation caused by Typhoons Pedring and Quiel which ravaged the rice growing regions of central and northern Luzon, inflation will stay within the 3-percent to 5-percent target range this year, the Bangko Sentral ng Pilipinas (BSP) said Monday.

Even with the implementation of the value added tax (VAT) on toll starting today, Malacañang downplayed claims that this would jack up prices of basic commodities and may even warrant a fare increase in public utility vehicles plying along tollways.

MANILA, Philippines – Singapore-based DBS Bank Ltd. has lowered its inflation forecasts for the Philippines this year and next as consumer prices remained benign over the past few months on the back of sluggish economic growth in advanced economies led by the US, as well as the sovereign debt concerns in Europe.

Sen. Edgardo Angara yesterday joined colleagues who had already warned Malacañang of courting unrest, if the Executive will not reassess its plan unleashing a barrage of price adjustments in power, fees and fares to the overburdened consumers and commuters.

MANILA, Philippines – The government should go easy with its plan to increase fees and charges, a lawmaker said yesterday.

MANILA, Philippines – Private economists and analysts slashed their inflation forecasts for this year and next year as concerns about the fragile global economic growth have eased due to moves to ensure steady supply of oil as well as efforts to address the debt crisis in Europe, a survey conducted by the Bangko Sentral ng…