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London, United Kingdom | AFP | British consumer group Unilever on Thursday warned that it expected prices to remain high into next year as decades-high inflation takes time to come down. “The global macroeconomic outlook remains mixed, and we expect the challenges of high inflation to persist in 2023,” Unilever’s outgoing chief executive Alan Jope said in a statement. The group whose brands include Magnum ice cream, Cif surface cleaner and Dove soap, revealed an […]
(Eagle News)–Presidential Spokesperson Harry Roque on Saturday, Oct. 6, reiterated the government was exerting all efforts to address the rising prices in goods. Roque made the statement after the Philippine Statistics Authority reported inflation had reached 6.7 percent in September. “President Duterte signed Administrative Order (AO) No. 13 last month to streamline procedures on the importation of agricultural products, including rice,” Roque said. He said this will “lower the price of basic food products for […]
(Eagle News) — Tourism Secretary Wanda Teo disputed on Wednesday, Aug. 15, the Commission on Audit report she had withdrawn goods and made luxurious purchases of items for herself from Duty Free stores. In a television interview, Teo said the withdrawn items–which COA said amounted to P2.17 million–and purchased items–allegedly amounting to P346,446.80–were for “corporate accounts.” “When somebody would solicit from me, there’s a golf tournament, ‘Kailangan namin ng refrigerator, TV’, you give them. And then […]
BEIJING, China (AFP) — Prices for goods at the factory gate in China jumped in March, the government said Wednesday, in a positive sign of strengthening demand for the world’s second-largest economy. The producer price index (PPI) rose 7.6 percent year-on-year in March, according to the National Bureau of Statistics, slightly beating economists’ expectations of a 7.5 percent increase in a Bloomberg News survey. Factory gate inflation “has eased,” NBS analyst Sheng Guoqing said in […]
BEIJING, China (AFP) — Prices for goods at the factory gate in China rose for the sixth straight month in February, officials said Thursday, slightly beating expectations as strong demand boosts the world’s second-largest economy. The producer price index (PPI) rose 7.8 percent year-on-year, according to the National Bureau of Statistics, topping economist expectations of a 7.7 percent increase in a Bloomberg poll. It marked an acceleration from the previous five months and fuelled expectations […]
