Inflation

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…

MANILA, Philippines – Monetary authorities believe that consumer prices could still breach the higher end of the three to five percent target set by the Bangko Sentral ng Pilipinas (BSP) and peak this quarter due to the continued build up of inflationary pressures.

More power bill burdens are expected as state power assets holding firm Power Sector Assets and Liabilities Management Corp. (Psalm) said it is firming up the amount that it will charge consumers for so-called stranded debts and the stranded contract costs that runs into tens of billions of pesos that state firm National Power Corp.…

REMITTANCES from Filipinos working abroad will likely rebound in the second half of the year, but annual growth may come in lower than expected given the weaker first quarter results, Hong Kong and Shanghai Banking Corp. (HSBC) said.

The House of Representatives yesterday expanded the list of commodities that should be placed under price control to include instant noodles, bottled water, fruits and liquefied petroleum gas.

THE Department of Trade and Industry (DTI) on Friday said that it would beef up its market monitoring operations because it expected prices of school supplies to rise with the opening of classes next week.

PRICES of school supplies have increased minimally just two weeks before classes resume, according to the Department of Trade and Industry (DTI).

MANILA, Philippines –  Private economists and analysts see a higher inflation of 4.9 percent this year and 4.8 percent next year due to the continued tensions in Middle East and North African (MENA) states as well as rising oil and food prices in the world market, a survey conducted by the Bangko Sentral ng Pilipinas…

MANILA, Philippines – Prices of school supplies such as pencils, notebooks and pens have gone up by five percent as the demand increased weeks before the school opening.

INFLATION will be more stable in the second quarter of the year given the price movements in recent months, according to First Metro Investment Corp. and University of Asia and the Pacific (FMIC-UA&P).

MANILA, Philippines—The Bangko Sentral ng Pilipinas said it was not opposing a P25 increase in the minimum daily pay as perceived by some labor groups.

THE Bangko Sentral on Thursday raised two benchmark interest rates by 25 basis points after the government reported that inflation had spiked by 4.5 percent in April.

As inflation is poised to breach original forecasts this year primarily due to the continuing rise in crude oil prices and the possibility of higher-than-estimated salary wage hikes, all indications point to an increase in interest rates to balance out what could turn out to be a disastrous situation.

Bangko Sentral ng Pilipinas (BSP) yesterday raised interest rates by 25 basis points to control inflation expectations and contain second round effects after inflation rose to a one-year high of 4.5 percent in April because of surging oil prices.

AS restive transport workers throughout the country clamor for increased fares, Cebu buses are giving commuters a break—fare cuts!

Manila May 3 (Reuters) – A wage hike above the Philippine central bank’s assumed increase for this year may put more pressure on consumer prices, but inflation is likely to be more moderate next year, Governor Amando Tetangco said on Tuesday.

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) will refresh its 2011 inflation forecast this week to determine whether there is a need to further change its monetary policy stance in light of the escalating prices of global oil and food, and their possible second round effects.

MANILA, Philippines – Dutch financial giant ING NV sees the inflation average in the Philippines falling within the 3-5 percent target set by the Bangko Sentral ng Pilipinas (BSP) amid the escalating global oil prices as well as clamor for higher wages.

THE government on Monday allayed inflation fears, saying prices should decline toward the latter part of the year to conform to the Bangko Sentral’s inflation expectations.

DAVAO CITY — Sugar supply has been declining worldwide not because more people are consuming more sugar. As global demand is now outpacing sugar supply and production worldwide, sugar prices have been rising to levels not seen since the historic highs of 1975 and 1982.

Motorists using the Skyway and Manila-Cavite Toll Expressway will pay higher toll starting on April 25, according to the Toll Regulatory Board.

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THE prices of commercial rice might increase by P2 a kilo as a result of rising fuel prices, the National Food Authority warned Tuesday.

MANILA, Philippines – The International Monetary Fund (IMF) raised its inflation forecast for the Philippines to 4.9 percent instead of 3.9 percent this year amid the escalating global oil and food prices but retained the country’s economic growth forecast.

MANILA, Philippines – Japanese-owned Nomura International (HK) Ltd. sees inflation rising fastest in the Philippines, peaking to 15.4 percent in the second quarter of next year in case commodity prices rise 10 percent this year and by five percent next year.

CONSUMER prices in March rose at the same pace as the previous month, signaling President Benigno Aquino 3rd not to order salary hike for minimum wage earners.

MANILA, Philippines –  The rise in consumer prices was steady in March at 4.3 percent and well within the Bangko Sentral ng Pilipinas’ expectation, the National Statistics Office (NSO) reported yesterday.