(Eagle News) — Inflation clocked in at 8.7 percent in January 2023, recent Philippine Statistics Authority data showed. The PSA said this is the highest annual rate recorded since November 2008. According to the PSA, the main driver in the uptrend was the higher year-on-year increase in the index of housing, water, electricity, gas and other fuels. This was pegged at 8.5 percent, higher than the 7.0 percent recorded in December 2022. The PSA said […]
Tag: Inflation accelerates
Inflation further accelerates to 4.7 percent in February, the fastest pace since January 2019
(Eagle News) — Inflation accelerated further to 4.7 percent in February, the fastest pace since January 2019, the Philippine Statistics Authority reported on Friday, March 5. According to the PSA, the uptrend in the country’s inflation was brought about primarily by the uptick in the inflation of heavily-weighted food and non-alcoholic beverages. From 6.1 percent in January 2021, this went up to 6.7 percent. The PSA said also contributing to the uptrend were the higher […]
Inflation accelerates; BSP, ready to adjust key rates
The Bangko Sentral ng Pilipinas said that it is ready to adjust policy if price pressures continue to mount and put its inflation targets at risk.
