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(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 […]
HONG KONG, China (AFP) — Asian markets mostly fell Monday following a soft lead from Wall Street, hit by profit-taking and lingering inflation worries. With bourses closed in Japan and China for holidays most of the week, traders were easing back from their recent buying frenzy while there are also concerns that the more than year-long rally may have gone a little too far. Investment giant Warren Buffett instilled some unease after saying at the […]
CARACAS, Venezuela (AFP) — Venezuela nearly tripled its minimum wage Saturday but inflation is so outrageous that that amount of money will not even buy a kilo of meat. Labor Minister Eduardo Pinate announced the raise to government supporters at a May Day rally in Caracas. The new monthly minimum wage is seven million bolivares, which is equivalent to $2.50. A kilo (2.2 pounds) of meat in Venezuela costs about $3.75. The once-wealthy oil […]
LONDON, United Kingdom (AFP) — Britain’s annual inflation rate accelerated in March, official data showed Wednesday, stoking analyst fears of spiking prices when the nation emerges from the pandemic. The Consumer Prices Index rate advanced to 0.7 percent last month on rising prices for clothing and motor fuel, the Office for National Statistics said in a statement. That was slightly short of forecasts for a 0.8-percent increase, but a sizeable jump from the 0.4 percent […]
(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 […]
LONDON, United Kingdom (AFP) — Britain’s annual inflation rate jumped in December partly on higher transport costs as Covid restrictions temporarily eased, official data showed Wednesday. The rate, as measured by the UK’s Consumer Prices Index, rose to 0.6 percent last month from 0.3 percent in November, the Office for National Statistics said in a statement. Analysts’ consensus forecasts had been for a rise to 0.5 percent. “Transport costs… as well as petrol prices rose […]
(Eagle News) — Inflation accelerated to 3.3 percent in November, the fastest since April 2019, the Philippine Statistics Authority said on Friday, Dec. 4. According to the PSA, the inflation rate recorded last month was a jump from the 2.5 percent registered in October, the 1.3 percent recorded in November 2019. The PSA said the country’s year-to-date inflation for 2020 was at 2.6 percent. The agency attributed the overall acceleration to the annual increase of […]
(Eagle News) — The Philippine headline inflation increased to 2.5 percent in October from 2.3 percent the previous month bringing the year-to-date inflation this year at also 2.5 percent, according to the Philippine Statistics Authority (PSA). “Higher overall inflation was primarily brought about by the increase in the inflation of the heavily-weighted food and non-alcoholic beverages at 2.1 percent during the month, from 1.5 percent in September 2020,” the PSA said in its latest report. […]
BEIJING, China (AFP) — The rise in Chinese consumer prices slowed for a second successive month in September, official data showed Thursday, as pork supplies bounce back from the devastating African swine fever while farms recovered from flooding. The consumer price index (CPI), a key gauge of retail inflation, rose 1.7 percent last month from a year ago, compared with a 2.4 percent reading in August, according to the National Bureau of Statistics (NBS). The […]
(Eagle News) — The headline inflation in the Philippines eased to 2.4 percent in August, from 2.7 percent in the previous month, bringing the year-to-date inflation for 2020 at 2.5 percent, according to the Philippine Statistics Authority (PSA). Inflation in August last year was lower at 1.7 percent. Malacanang immediately issued a statement saying that the easing of the inflation last month was a “positive development.” -Gradual re-opening of economy leads to decrease in food […]
(Eagle News) – -Inflation accelerated further to 2.7 percent in July, the Philippine Statistics Authority said on Wednesday, Aug.5. This brings the year-to-date inflation for 2020 at 2.5 percent. In June, inflation was at 2.5 percent and in July 2019, 2.4 percent. According to the PSA, the acceleration in the overall inflation was caused by the jump in the inflation of the transport index at 6.3 percent during the month with the easing of lockdown […]
(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 […]
