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(Eagle News) — The Philippines’ inflation rate for the bottom 30 percent of income households eased further to 4.8 percent in October, the Philippine Statistics Authority said on Friday, Nov. 5. According to the PSA, the inflation rate for that group in September was at 5.0 percent while the rate was at 2.9 percent in October 2020. The PSA said the deceleration was mainly due to the slower annual rate observed in the heavily-weighted food […]
(Eagle News) — Inflation eased to 4 percent in July, the Philippine Statistics Authority reported on Thursday, Aug. 5. According to the PSA, this was less than the 4.1 percent inflation rate recorded in June 2021, and brought the country’s year-to-date inflation from January to July 2021 at 4.4 percent. In July 2020, inflation was at 2.7 percent. According to the PSA, the downward trend was attributed to the lower annual increment registered in the transport […]
(Eagle News) — Inflation remained at 4.5 percent in May, the country’s recorded level of inflation since March 2021. According to the Philippine Statistics Authority, the flat inflation rate was due to mixed movements in the annual growth rates in the indices of the commodity groups. The PSA said the annual growth rates in the indices of clothing and footwear; housing, water, electricity, gas, and other fuels; furnishing, household equipment and routine maintenance of the […]
(Eagle News) — Inflation clocked in at 4.5 percent in April, the Philippine Statistics Authority said on Wednesday, May 5. The PSA said the 4.5 percent was the same rate recorded in March, but faster than the 2.2 percent rate recorded in April 2020. According to the PSA, varied annual growth rates in the indices of the commodity groups were observed in April. Annual increases, on the other hand, were higher in the indices of […]
(Eagle News) — Inflation slowed down to 4.5 percent in March 2021, the Philippine Statistics Authority said on Tuesday, April 6. According to the PSA, the inflation rate in the country decelerated after five consecutive months of acceleration. The figure brings the average inflation of the country for the first quarter of 2021 at 4.5 percent. According to the PSA, the slowdown was due primarily to the lower annual increment registered in the heavily-weighted food […]
(Eagle News)–The country’s inflation rate accelerated to 2.5 percent after four months of deceleration, the Philippine Statistics Authority reported on Tuesday, July 7. According to the PSA, with the development, year-to-date inflation for 2020 stands at 2.5 percent. In May, inflation was at 2.1 percent and in June 2019 at 2.7 percent. The PSA said the acceleration in the June inflation was primarily brought about by the 2.3 percent annual increment recorded in the transport […]
(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 […]
(Eagle News)–Inflation further cooled to 2.2 percent in April, bringing the year-to-date inflation for this year to only 2.6 percent. The Philippine Statistics Authority said the 2.2 percent last month was slower than the 2.5 percent annual increase in March 2020. Contributing to the downtrend in the headline inflation in April was the further decrease in the annual rate of transport index at 6.1 percent, the PSA said. The PSA said this was the lowest […]
(Eagle News)–The uptick in the inflation rate in December 2019 is well within the government’s target, the Palace said on Tuesday, Jan. 7. In a statement, Presidential Spokesperson Salvador Panelo said the 2.5 percent, while an increase from November 2019’s 1.3% was well within the target range of 2% to 4%. According to Panelo, based on the National Economic and Development Authority, the December 2019 inflation rate was due to an increase in the prices […]
(Eagle News) — The Palace on Friday, Dec. 6, gave the assurance the higher inflation rate in November was “not a cause for alarm.” Presidential Spokesperson Salvador Panelo said that although the country registered a 1.3 percent rate, higher than the 0.8 percent in October this year, “for the first 11 months of this year, inflation rate averaged at 2.5%, which the Department of Trade and Industry says is ‘still a very tamed inflation rate..” […]
(Eagle News)–Inflation eased further to 0.8 percent in October, the lowest recorded since May 2016. The Philippine Statistics Authority said the October rating was lower than the 0.9 percent recorded in September, and the one recorded in October 2018 or 6.7 percent. The PSA said the downtrend was mainly due to the 0.9 percent annual drop registered in the heavily-weighted food and non-alcoholic beverages index. The annual rate of transport index also went down further […]
(Eagle News)–The Palace has welcomed the 0.9 percent inflation rate recorded in September, saying this was proof the government was “delivering results” despite criticisms. In a statement, Communications Secretary Martin Andanar said the National Economic and Development Authority in particular “attributes the slowdown in part to the success of the Rice Tariffication Law which has allowed consumers to enjoy lower prices of rice because of higher supply.” He said NEDA has also “assured to fast-track […]
