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(Eagle News)–Inflation slowed further to 0.9 percent in September, the lowest since June 2016. The Philippine Statistics Authority reported on Friday, Oct. 4, the downtrend was primarily due to the “0.9 percent annual rate of decrease in the index of heavily-weighted food and non-alcoholic beverages.” The PSA noted there was also a decrease in the annual change of the transport index– 0.9 percent–and lower annual increases in the following commodity groups: Clothing and footwear, 2.7%; […]
(Eagle News)–Inflation further went down to 1.7 percent in August, data released on Thursday, Sept. 5, by the Philippine Statistics Authority showed. The PSA said this was the lowest inflation rate since the 1.8 percent recorded in October 2016. Inflation in July was at 2.4 percent, while in August 2018, it was pegged at 6.4 percent. According to the PSA, the slowdown of inflation in August was “mainly due to the slower annual increase in […]
(Eagle News)–The country’s headline inflation eased further to 2.4 percent in July, the Philippine Statistics Authority said. According to the PSA, this was the lowest inflation recorded since January 2017, and the same rate recorded in July 2017. Last month, the PSA said inflation rate was at 2.7 percent. According to the PSA, the downtrend was primarily due to the slower annual rate posted in the index of food and non-alcoholic beverages at 1.9 percent. […]
(Eagle News)–Inflation slowed down further in April, the slowest pace in 16 months, the Philippine Statistics Authority said. According to the PSA, the 3.0 inflation in April is the lowest inflation posted since January 2018. Inflation rate in March 2019 was recorded at 3.3 percent and in April 2018, 4.5 percent. “The slowdown was mainly brought about by the slower annual increase in the heavily-weighted food and non-alcoholic beverages index at 3.0 percent,” the PSA […]
(Eagle News) — The Palace on Tuesday, March 5, said it expects “further improvement and disinflation” following the deceleration of inflation in February. Presidential Spokesperson Salvador Panelo issued the statement after the Philippine Statistics Authority made the announcement the country’s inflation rate last month fell within the 3.7 percent to 4.5 percent projection set by the Bangko Sentral ng Pilipinas. Panelo attributed the “positive development” to the “macroeconomic policies of the Duterte administration.” “We expect […]
(Eagle News)–The Palace on Tuesday, Feb. 5, welcomed the decline in the inflation rate in January, attributing the same to the efforts of the administration. “Last year, soaring prices caused by uncontrollable factors tested our will as a nation. Not disheartened nor cowed, we rose to the challenge as a people,” Presidential Spokesperson Salvador Panelo said. According to Panelo, “with the President’s strong and decisive action, we remained focused and steadfast as we addressed the […]
(Eagle News)—Speaker Gloria Arroyo on Saturday, Jan. 5, welcomed the slowdown in inflation rate in December last year. In a statement, Arroyo said the “focus must now be on implementing things quickly and efficiently, in all fronts.” “In general, to the extent that so-called domestic supply side factors are involved, the government’s agencies must act quickly on the implementation side, to get the plans and programs going on the ground and produce results our people will […]
By Meanne Corvera Eagle News Service Inflation surged to 6.7 percent in September, the Philippine Statistics Authority said on Friday, Oct. 5. In August, the inflation rate was pegged at 6.4 percent. National Statistician Lisa Grace Bersales noted, however, that month-on-month inflation was at 0.8 percent, slower than the 0.9 percent in August. Month-on-month inflation refers to the increase in consumer prices.
(Eagle News) — Kinontra ng malakanyang ang ipinalulutang ng grupo ng oposisyon na nakasentro ang administrasyon sa panggigipit kay Senador Antonio Trillanes IV para pagtakpan ang kabiguan ni Pangulong Rodrigo Duterte na solusyon ang problema sa mataas na bilihin. Sinabi ni Presidential Spokesman Harry Roque apat na presidential issuance ang nilagdaan ng Pangulo para mapabilis ang pagpasok sa bansa ng mga inaangkat na imported agricultural foods products kasama dito ang pag-aalis ng mga taripa. Ayon […]
(Eagle News) — Inflation reached 6.4 percent in August, the Philippine Statistics Office reported on Wednesday, Sept. 5. According to the PSA, this was the fastest recorded since the 6.6 percent inflation rate in March 2009. Earlier, the Department of Finance predicted an inflation rate of 5.88 percent.
By Meanne Corvera Eagle News Service The Bangko Sentral ng Pilipinas on Tuesday, June 5, said the country’s inflation outlook “continues to be a concern and requires close attention.” This even if BSP Governor Nestor Espenilla said that while the average inflation of 4.1 percent in the first five months of the year was still above the BSP’s 2 to 4 percent target for the year, it was “maybe not going to be as bad as […]
MANILA, Philippines (Eagle News) — Posibleng pumalo sa 4.2 hanggang 4.4 percent ang inflation rate noong Marso na mataas sa target ng gobyerno. Nitong Pebrero ay 3.9 percent ang inflation rate na pasok pa rin sa 2 hanggang 4 percent target range. Nasa 3.8 hanggang 4.6 percent ang inflation rate na inaasahan ng Bangko Sentral ng Pilipinas (BSP) ngayong Marso dahil sa mataas na presyo ng kuryente at petrolyo at paghina ng piso. Sa Huwebes, […]
