Tag: inflation in PHL

PHL posts inflation rate of 3.4% in February

(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,” […]

Continue Reading →

Headline inflation eases to 2.8 percent in January 2024

(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 […]

Continue Reading →

Inflation eased to 3.9 percent in December 2023: PSA

(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, […]

Continue Reading →