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(Eagle News)–The Philippines’ headline inflation slightly accelerated to 3.9% in May 2024, the Philippine Statistics Authority said. According to PSA data, this was 0.1 percent higher than the 3.8 percent registered in April. It brings the national average inflation from January to May to 3.5 percent. The PSA said the uptrend in the overall inflation in May was primarily influenced by the higher year-on-year increase in the index of the housing, water, electricity, gas and […]
(Eagle News)–The Philippines’ inflation accelerated to 3.7 percent in March 2024, the Philippine Statistics Authority reported on Friday, April 5. The PSA said in February, inflation was at 3.4 percent. The March 2024 inflation rate was, however, lower than the 7.6 percent inflation rate recorded in the same month last year. The PSA said the uptrend in the overall inflation in March was primarily influenced by the higher year-on-year increase in the heavily-weighted food and […]
(Eagle News)–The Philippines posted an overall inflation rate of 3.4 percent in February, the Philippine Statistics Authority said on Tuesday, March 5. The PSA said this was an increase from the 2.8 percent inflation rate registered the month before, and from the 8.6 percent inflation rate recorded in February 2023. According to the PSA, the uptrend in the overall inflation was primarily influenced by the “higher year-on-year increase in the heavily-weighted food and non-alcoholic beverages,” […]
(Eagle News)–The country’s headline inflation further eased to 2.8 percent in January, the Philippine Statistics Authority has reported. According to the PSA, this was the lowest inflation rate reported since October 2020, when the rate was at 2.3 percent. January’s headline inflation is also down from the 3.9 percent reported in December last year and the 8.7 percent reported in January 2023. It was well within the Bangko Sentral ng Pilipinas’ forecast range of 2.8 […]
(Eagle News)–The Bangko Sentral ng Pilipinas expects the country’s January 2024 inflation to settle within the 2.8 to 3.6 percent range. Inflation measures how fast the prices of goods and services are rising. In its month-ahead inflation forecast, the BSP said the higher prices of some agricultural items, like rice, meat, fruits, and fish, along with increased petroleum prices, electricity and water rates, annual adjustment in sin taxes, and the depreciation of the peso are […]
(Eagle News)–A majority of Filipino adults–or 72%–identify inflation as the top urgent issue the government needs to address, results of a recent Pulse Asia survey showed. Survey results also found this issue was cited by many across all geographic areas–69% in Metro Manila, 71% in the rest of Luzon, 75% in Visayas, and 75% in Mindanao. A majority of the respondents in each socioeconomic class also highlighted the concern—61% in the ABC class, 72% in […]
(Eagle News)–Inflation eased further to 3.9 percent in December 2023, the lowest for the year, according to the Philippine Statistics Authority. The PSA said this was 0.2 lower than the 4.1 percent recorded in November 2023, and 4.2 percent lower than the 8.1 percent recorded in December 2022. The downtrend in the overall inflation in December 2023, the PSA said, was mainly brought about by the lower year-on-year growth in the index of housing, water, […]
(Eagle News) — Inflation in the Philippines accelerated to 6.1 percent in September, the Philippine Statistics Authority said. According to the PSA, this is faster than the 5.3 percent reported in August. With the figures, the national average inflation from January to September 2023 remains at 6.6 percent, slower than the 6.9 percent reported in September 2022. The PSA said the uptrend in the overall inflation in September 2023 was primarily brought about by the […]
(Eagle News) — Headline inflation in the Philippines slowed down to 8.6 percent in February 2023. According to Philippine Statistics Authority data, this is slower than the 8.7 percent reported in January 2023. The PSA said of the 13 commodity groups, “transport was the sole driver of the downtrend of the overall inflation during the month..,” with a 9.0 percent inflation rate reported in February 2023 from 11.1 percent inflation in January 2023. The PSA […]
(Eagle News) — Inflation accelerated to 8.1% in December 2022, Philippine Statistics Authority data showed. According to the PSA, this is a 0.1 increase in acceleration from the 8.0 percent recorded in November 2022. “This is the highest inflation rate reported for 2022 and the highest since November 2008,” the PSA said. The higher inflation was primarily brought about by the faster year-on-year growth rate in the index of food at 10.2 percent, from the […]
(Eagle News)–Inflation slowed down further to 2.1 percent last month, the Philippine Statistics Authority reported on Friday, June 5. According to the PSA, this was slower than the 2.2 percent recorded in April, with year-to-date inflation for 2020 pegged at 2.5 percent as a result. The PSA said in May 2019, inflation was higher at 3.2 percent. The slowdown in the headline inflation in May was mainly driven by the 5.6 percent annual drop in […]
