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(Eagle News)–Overall inflation in the Philippines eased to 4.9% in October, slower than the 6.1% reported the month before, the Philippine Statistics Authority reported on Tuesday, Nov. 7. According to the PSA, with the figure, the national average inflation from January to October 2023 is 6.4 percent. “The downtrend in the overall inflation in October 2023 was primarily brought about by the slower year-on-year increase in the heavily-weighted food and non-alcoholic beverages at 7.0 percent […]
(Eagle News) — The Philippine government has said it was redoubling its efforts to mitigate the effects of inflation, which accelerated to 6.1 percent in September. In a statement, Finance Secretary Benjamin Diokno said authorities were, in particular, currently intensifying and accelerating its efforts in warehouse investigations and forfeiture procedure, the filing of charges against market players on alleged reports of anti-competitive practices, and the strict price monitoring of imported rice in the logistics chain. […]
(Eagle News) — Inflation rose to 8% in November, the fastest since the 9.1% recorded in the same month last year. The Philippine Statistics Authority said this was also faster than the 7.7 percent in October 2022. With this month’s inflation, the country’s average inflation rate from January to November 2022 stands at 5.6 percent. According to the PSA, the sustained acceleration of inflation was mainly due to the “higher year-on-year growth rate in the index […]
(Eagle News) — Inflation accelerated to 6.9 percent in September, the Philippine Statistics Authority reported on Wednesday, Oct. 5. According to the PSA, this is the highest recorded inflation since October 2018. In August, inflation was at 6.3 percent. The PSA said the acceleration was primarily due to the higher annual growth rate in the index for food and non-alcoholic beverages, which was at 7.4 percent from the 6.3 percent in August. This was followed […]
(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 […]
(Eagle News) — Headline inflation decelerated to 2.3 percent in September, the Philippine Statistics Authority said on Tuesday, Oct. 6. Inflation is defined as the general increase in the prices of goods and services over a period of time. According to the PSA, this was slower than the 2.4 percent recorded in August, but faster than the 0.9 percent recorded in September last year. With the development, the PSA said the year-to-date inflation for September 2020 […]
(Eagle News)–The Palace on Saturday, Sept. 9, said Senator Antonio Trillanes IV was using the country’s inflation problems as a “political issue.” “In fact, nagsimula na iyong problema sa inflation bago pa siguro lumabas itong isyu ng Trillanes,” Presidential Spokesperson Harry Roque said. Trillanes is going head-to-head with the Palace after Proclamation 572 signed by President Rodrigo Duterte declared the amnesty granted to him as void ab initio. The proclamation had cited as bases Trillanes’ […]
