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(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)–The Philippines’ inflation rate slowed to 5.4 percent in June, the Philippine Statistics Authority said. According to the PSA, this is the fifth consecutive month of deceleration in the country’s headline inflation. The average inflation rate for the first semester of 2023 stood at 7.2 percent. The PSA said the downtrend of the overall inflation was primarily influenced by the slower annual increase in the heavily-weighted food and beverages category, pegged at 6.7 percent, […]
